Contemporary Issues on Global and Nepalese Economy : Mainstreaming the Real Policy Agenda
Contents: I. Contemporary issues on global economy: 1. Global financial crisis: need of a paradigm shift. 2. Big challenges to early recovery of global economy. 3. Stimulus packages and revival of the global economy. 4. Dollar, financial crisis and recovery: more global instability and crisis prone solutions. 5. Global economic recovery: never before was such a downside risk. 6. Debt crisis and threat of next recession: austerities may intensify social conflict. 7. Currency war : causes and solutions. 8. Colossal illicit flows: causes and consequences. 9. IMF’s policy paradoxes: implications for poor countries. 10. Neo-liberalism, global financial crisis and lessons for countries like Nepal. 11. BRICS communiqué: a move to Revamp global monetary system. 12. A threat of another bigger economic crisis and underlying reasons. 13. Panic of another deep recession: policy paradoxes main culprits. 14. Trade liberalization, distributional gains, poverty and human development with special focus on Nepalese experience. 15. Euro crisis and global downturn: why therapies not working? 16. Monetary policy effectiveness: growing doubts on ground rules. 17. Rout of pro-austerity parties in Europe: rebellion against financial capitalism. 18. Threat of deepening global crisis: why no solutions at sight? 19. Making growth inclusive and sustainable in South Asia: Key messages of 5th economic summit. 20. Fiscal cliff amidst European Austerities: fear of prolonged recession. II. Contemporary issues on the Nepalese economy: 1. Inclusive Democracy and policy challenges to promote equitable growth and development. 2. Rising prices and deepening food crisis: necessity of immediate state attention. 3. Macroeconomic policy asymmetries: challenges to the coming budget. 4. Inclusive democratic republic and economic policy regime. 5. Likely impact of global recession on the Nepalese economy and lessons to be learned. 6. Importance of fiscal dimension in state restructuring. 7. Budget Bonanza: unprecedented price rise and hardship to the people. 8. State restructuring and fiscal federalism: Bringing convergence a big challenge. 9. A new interim plan: relevancy at the moment.10. Symptom of exacerbating economic crisis: deindustrialization is the major culprit…III. Global development agenda beyond 2015.
Despite some sweepings alterations in Nepal’s political system after the historical political change of 2006 which was grounded on people’s long struggle and sacrifices, the agenda of socio-economic transformation essential for bringing about prosperity of nation and people swiftly still remains elusive. Demise of Constituent Assembly without framing of new constitution amidst conspiracies from the political forces determined to maintain status quos at the ground level are primarily contributing to this.
Amidst such tendencies, the book covering numerous interrelated issues grounded on political economy reasoning discusses the need and possibilities of pursuing state and economic restructuring agenda. It highlights that why state restructuring based on the principle of abolishing discriminations in the form of class, caste, gender, ethnicity, area etc. as well as drastic changes and reforms in neo-liberalism led economic policy regime is essential in the Nepalese context. It after analyzing various macro and other policies as well as planning and budgetary system and processes added by review of important programs and institutional set ups and arrangements shows that how many of them have been counterproductive or detrimental despite so much potentials in Nepal.
