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dc.contributor.authorRazzaque, Mohammad A.
dc.coverage.spatialNEPAL
dc.creatorUN.ESCAP
dc.date.accessioned2021-03-28T00:23:41Z
dc.date.available2021-03-28T00:23:41Z
dc.date.issued2020
dc.identifier.urihttps://hdl.handle.net/20.500.12870/1221
dc.description.abstractNepal has achieved significant socio-economic progress despite being confronted by unfavourable conditions such as its being landlocked and susceptible to natural disasters. It has demonstrated a paradoxical development pattern in which a relatively low long-term average economic growth has been accompanied by brisk poverty reduction. The country met criteria for graduation from the group of least developed countries (LDCs) in two consecutive United Nations triennial reviews in 2015 and 2018. With a per capita income of just 60 per cent of the graduation threshold level of per capita income, it was quite extraordinary for Nepal to meet the other two graduation criteria, the Human Asset Index and the Economic Vulnerability Index. It provides a classic case in which a country’s achieving LDC graduation thresholds do not adequately reflect its challenges of achieving sustainable development through building productive capacities as envisaged in the Istanbul Programme of Actions (IPoA) for LDCs. Most concrete LDC-specific international support measures (ISMs) are related to international trade from which Nepal has not been able to benefit much. While the IPoA and 2030 Sustainable Development Agenda anticipated LDC trade share to double by 2020, in reality, it has declined with Nepal’s merchandise exports falling in both absolute and relative terms. The 2018 United Nations Committee for Development Policy (CDP) decision to defer the recommendation of graduation until the next review was a judicious one and further deferments could also be considered as part of ISMs in helping Nepal consolidate its socio-economic achievements and securing Sustainable Development Goals. For Nepal, dealing with general development challenges, promoting external competitiveness, trade capacity building, and exploring enhanced trading opportunities in neighbouring and regional partner countries, amongst others, should remain important policy priorities.
dc.format.extenti, 60 p.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUnited Nations
dc.relation.ispartofseriesMPFD Working Papers
dc.rightsThis publication may be reproduced in whole or in part for educational or non-profit purposes without special permission from the copyright holder, provided that the source is acknowledged. The ESCAP Publications Office would appreciate receiving a copy of any publication that uses this publication as a source.
dc.rightsUse may not be made of this publication for resale or any other commercial purpose whatsoever without prior permission. Applications for such permission, with a statement of the purpose and extent of reproduction, should be addressed to the Secretary of the Publications Board, United Nations, New York.
dc.titleNepal's graduation from LDC : potential implications and issues for consideration
dc.typeText
dcterms.accessRightsOpen Access
dc.rights.holderUnited Nations
dc.subject.unbistECONOMIC GROWTH
dc.subject.unbistINCOME
dc.subject.unbistLEAST DEVELOPED COUNTRIES
dc.subject.unbistSUSTAINABLE DEVELOPMENT
escap.publisherPlaceBangkok
escap.doctypeWorking paper
escap.programmeOfWorkMacroeconomic Policy and Financing for Development
escap.programmeOfWorkCountries in Special Situations
escap.areasOfWorkCountries in Special Situations
escap.libBibNumber59864
escap.bibLevelMonograph
escap.link.internalLinkhttps://www.unescap.org/publications/mpfd-working-paper-nepals-graduation-ldc-potential-implications-and-issues
escap.countryNepal
escap.subregionSouth and South-West Asia
escap.contactPhone+66 2 288-1234
escap.contactEmail[email protected]
escap.contactUnitMacroeconomic Policy and Financing for Development Division
escap.ispartofseriesnoMPFD Working Papers ; 20/01
dc.date.escap2020-03-11
dc.relation.ispartofseriesnoNo. WP/20/01


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