Advantages and disadvantages of liberalisation in Nepal?

Answer 1

Liberalisation in Nepal has facilitated greater foreign investment, improved market efficiency, and increased access to goods and services, contributing to economic growth and modernization. However, it has also led to challenges such as increased inequality, vulnerability to external market fluctuations, and potential undermining of local industries. Additionally, rapid liberalisation can strain regulatory frameworks and social safety nets, making it crucial for the government to balance growth with equitable development. Overall, while liberalisation offers significant opportunities, it requires careful management to mitigate its adverse effects.