"The country's economy was not discussed following the political system change."
Economists have said that after the change in the political system, there is no debate on improving the country's economy. The participants held the opinion that there was no discussion about Nepal's economy in the release program of the book 'Alternative Economy' written by economist Hari Roka on Saturday.
According to National Planning Commission member Geethakumari Paudyal Adhikari, plans are developed centrally but not carried out locally. Additionally, he stated that understanding and applying economics are two different things.
"The economic activity of citizens and the theory of overall economics that we teach are completely different," she added, "sitting at the center, we make policies, we make big economic plans, but we have not considered why it cannot be implemented." He claimed that the plan could not be carried out because politicians and other decision-makers did not debate the state of the economy.
Prada Achyut Wagle, a registrar at Kathmandu University and an economist, stated that it is problematic for non-economists to oversee the economy. He asserted that the idea that popular election is a virtue does not support the growth of the economy.
The Prime Minister, Ministers, and Members of Parliament are the ones chosen by the people to rule. He remarked, "We assumed that he would be qualified to manage the economy as soon as he sat in the elected chair."
According to Wagle, there cannot be progress in the nation if politicians fail to recognize that the economy is a technical matter and should only be managed by those with the necessary knowledge. According to him, even people who are aware of the economics nevertheless feel that they must abide by the decisions made by the elected finance minister.
The participants stated that the political leadership ought to have a conversation about the pillars of the economy, which include employment, industry, and agriculture. They claimed that it is lacking in the idea that policymakers ought to have deliberate and in-depth conversations about the state of the economy. They claimed to have discussed development, but they did not address what development is, how it is accomplished, or human resources.
The book's author, Hari Roka, said that as the political system changes, the economy shifts and the nation advances toward growth, but that hasn't been put into practice.
"It was said throughout the battle to establish a multi-party system that everything would work out once it did. However, the topic of what our structures are was not discussed. A select group of people gained control of the economy after the establishment of the multi-party system, he claimed.
According to him, the political movement has altered the system, and individuals in positions of power have avoided having meaningful conversations or debates about the state of the economy. According to him, agriculture employs 64% of the labor force, but if we do not give these people consideration, our nation will not prosper.
When questioned about the state of its execution, Ghanshyam Bhusal, the general secretary of the United Socialist Party, claimed that the concept of socialism had been tainted.
Our socialism has been tainted by even a small amount of populism. Though this may come across as a personal jab, KP Oliji was the main individual who destroyed our socialism. The Prime Minister is the nation's best instructor, Bhusal declared. "The Chuchche train is coming; it will reach Kathmandu in two years. Beni will travel next year; where will it go next year? He ruined the commentary of socialism with the Chuchche train, towers." A teacher might instruct fifty or sixty students, but the nation's prime minister teaches millions of people. He used to say, "Rope Falihalch Ni," which I heard several times before remarking on how you ruined it when I was a minister. What ought one to sow? Where should I plant? Which seeds should I plant? Technology: What is it? Do you really need water? What quantity do you require? What more safeguards need to be put in place? Is a market present or absent? What is the farmer's share? Set aside all of these issues—taxes, foreign policy, the idea that "plants will grow"—our critique of socialism has also gotten worse.
Bhusal asserted that Nepal can achieve agricultural self-sufficiency in five years provided the government makes the necessary decisions and takes appropriate action. He claimed that if the nation proceeds in a systematic manner, poverty and unemployment may be completely eradicated in 12 years.
According to Wagle, we shouldn't be upset that we didn't advance without igniting the economic discussion. He suggested that political party manifestos, parliaments, universities, and parliaments should all include a discussion of the economics.
At Pragya Pratishthan in Kathmandu, economist Roka's book "Alternative Economy" was released. Participants in the conversation were Hari Roka, the book's author, Prada Achyut Wagle, the registrar of Kathmandu University, Geeta Paudyal Adhikari, a member of the Planning Commission, Ghanshyam Bhusal, the general secretary of the United Samajwadi Party, and Umesh Chauhan, the editor-in-chief of Kantipur Dainik.
Economic and political writings on twelve various topics—alternative economic policy, state and economy, agricultural and food security transformation, land reform, industrial policy, monetary policy, and tax system restructuring—are included in the book "Alternative Economy."