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LETTERS |
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LETTERS |
Better Environment For Investment Required Contrary to what you have written in the
cover story I feel that increased consumption helps to develop a healthy economy as it
facilitates cash flow "NEPALESE ECONOMY: Alternatives For Survival (SPOTLIGHT
September 17)". While the importance of saving for investment cannot be ruled out for
economic development, saving for the sake of saving could also be detrimental. Even the
economists say that liquidity affects the economic sector. When there is no safe sector
for investment and all the saving is bound to stay unused, I feel, that spending it would
be wiser looking from the perspective of national economy. Sonam Gurung Break The Vicious Circle Of Poverty Apropos your cover story on economy of the
country I would like to suggest a certain change of habits to all economically active
population of the country "NEPALESE ECONOMY: Alternatives For Survival (SPOTLIGHT
September 17). There is a common saying in economics that goes, 'poor countries are poor
because they are poor.' To be poor primarily means having less production. Principally,
less production leads to less saving and less saving leads to less investment, which in
turn leads to further less production. Thus continues the vicious circle of poverty.
However, as you have pointed out in your story even the increased production, meager it
may be, has not helped to increase savings and the investment in Nepalese economy. The
economy can never improve without breaking this chain and increasing savings and
investments. This can start from individual levels. Each economically active citizen can
first change his own economical status by changing his consumption habit. If individuals
are economically strong that way the national economy will automatically boom. Sagun Shrestha Stop Violence! It appears that Nepal is in total chaos,
and that there is only a lull in the 'storm!' "RIOTS IN KATHMANDU: Calm After the
Storm (SPOTLIGHT September 10)". It seems to me the violence/chaos here is
self-destructive, and Nepal is imploding. It seems like there are no leaders who
ultimately think of the country/people, just politicians exploiting the situation. I know
of only one such leader, who is trying in positive ways to foment peace, not violence, and
that is C.M. Yogi of Hindu Vidyapeeth School. Shouldn't his (and his likes') efforts
be supported? Are there no other Nepalis, who have their country in mind, rather than
their own interests? What next? It's simple. Stop the violence! Negotiate a compromise
that helps the country! The key word here is compromise, as no one group can have
its way entirely. There must be a compromise! Establish peace that will ensure
long-term F.A.Hutchison Do Not Pamper Manpower Agencies Regarding "RIOTS IN KATHMANDU: Calm
After The Storm (SPOTLIGHT September10)", the media (and the government) have been
too kind to the manpower agencies in the light of the brutal slaying of 12 Nepali workers
by extremists in Iraq on 31 August, 2004. It looks too much like the comfortable middle
class scratching each other's backs. Manpower agencies have contributed to the
vulnerability and abuse of Nepali youths abroad through acts of commission and omission.
Their treatment of poor and semi-literate Nepalis has too often been careless, callous,
uncaring, and exploitative. The anger against the manpower agencies is natural and deep
seated. Government must act quickly to clean this sector, and to identify and punish the
guilty. Nepal is poor. The limited public funds should NOT be spent on compensating
manpower agencies. Spend it on compensating victims of agency malpractices, and on
rescuing Nepali workers in foreign jails, situations of danger, and other difficult
circumstances. Mithun Jung Use National Products One reason why increased consumption is not
doing good to the national economy could be the source of products we are using
"NEPALESE ECONOMY: Alternatives For Survival (SPOTLIGHT September 17)". Most of
the products that we use are imported from foreign countries. More over, foreign goods are
also much more expensive than similar products produced locally. Because of that reason a
large amount of what we spend goes outside the country. If we use our local produce then
even if we spend much, the money would ultimately remain in the country itself. Such
increased consumption of local commodities would improve cash flow, which would be better
for the economy than savings that cannot be invested in other productive areas. So, at
such a situation when the environment for investment is not safe, I think we should focus
on using local products than to reduce consumption for savings. Sujan Thapa |
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editor: spot@mail.com.np |
