To Graduate, or Not to Graduate

“Nepal must realise that aid and trade preferences are not permanent fixtures. They will cease to exist as the country moves up the development ladder. The long-term solution to Nepal’s problems is capacity enhancement in almost every sector. Perhaps, it should also do some soul-searching on how countries like Bangladesh were able to leapfrog while it remained where it was,” says Paras Kharel, research director, South Asia Watch on Trade, Economics and Environment (SAWTEE), a prominent think-tank.