Topic: Economics of Development
Country: Nepal
Delegate Name: Tyler Larson
School: Forest Hills Eastern High School
Topic page: background guide and all position papers All Nepal position papers GLIMUN 2015 committees
Nepal’s geography on the world map is landlocked and in between two incredibly industrialized nations, India and China. With tourism and the trade of natural resources being Nepal’s most profitable sectors, is important to develop these economic areas to their fullest capacity. Nepal’s tourism of Mount Everest within the Himalayan Mountains is a great source of revenue, and Nepal’s extraction of resources and agriculture needs to be increased and distributed to India to increase GDP.
It is important to capitalize on sectors of economies that a nation is already developed in, such as the exportation of natural resources and food. It wouldn’t be logical for Nepal to start manufacturing clocks when other countries can do it more efficiently and with a higher product quality. Thus Nepal hopes to start exploiting the land more for agriculture and the removal of natural resources, then trading those with other nations. Nepal’s economy could greatly improve if the increase of the production of natural resources lead to an increase of trade with neighboring countries to receive manufactured goods. Same ideology goes for tourism, but using more advertisement to draw in new mountain-climbers. Climbers spend anywhere from 3,130,000-10,450,000 Nepalese Rupee, or in USD, $30,000-$100,000.
Countries around the world need to specialize in individual aspects of economies, then trade with one another for mutual benefit. The less trade there is in an economy, the smaller the GDP is. Nepal hopes to start increasing the trade of natural resources with other countries and to stop being a country that is a “Jack of all Trades.”
