What are the impacts of globalization in the context of Nepal?
What are the impacts of globalization in the context of Nepal? Nepal adopted the policy of liberalization, privatization, and globalization after the restoration of multiparty democracy in the early 1990s as the forerunner of globalization in the south Asian region. In 2004, when Nepal got its WTO membership, since then the globalization in Nepal has accelerated. Globalization can bring both opportunities and threats to any developing country, organization, or business and livelihood. On one hand, some people are in favor of globalization, whereas, on the other hand, there are people against globalization. People who favor globalization argue that globalization can help the poor country's domestic businesses to reach the international market, which can help the citizens to increase their standard of living, however, people on the other side argue that globalization has only helped the western countries, not the poor ones. As we can see, today most Nepalese busin...