Lecture of Former PM Baburam Bhattarai at KUSOM

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Lecture of Former PM Baburam Bhattarai at KUSOM

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SOCIAL & ECONOMIC TRASNFORMATION OF NEPAL: ROLE OF BUSINESS LEADERSHIP OF YOUTH :

SOCIAL & ECONOMIC TRASNFORMATION OF NEPAL: ROLE OF BUSINESS LEADERSHIP OF YOUTH 1 Nature of Problem/ Current Status Development Policy for Nepal Business Leadership of Youth

Nature of Problem/ Current Status:

Nature of Problem/ Current Status Question of Outlook View things not in a static manner, but in a dynamic frame. Only universal truth: Matter in motion/ Unity of opposites Basic Problems Absolute poverty: low PCI /Sluggish growth Rampant unemployment/ underemployment Social inequality: HDI Regional disparity Dependency 2

Internal Dynamics:

Internal Dynamics Feudalism/ Semi-feudalism :Socio-economic formation +cultural values Low Differentiation of economy : Predominance of agriculture : Retardation of industries : Proliferation of services sector Regional diversity & Centralized state : Mountain +Hill + Terai : Rural-urban divide Social diversity/ disparity : Ethnic/ linguistic : gender + caste Labour surplus & out-migration 3

External Dynamics:

External Dynamics India –Locked & extraverted physical Setting Pre- & post – Sugauli Treaty (1815-16) Dominance- Dependence relation : unequal exchange : primary export & secondary /tertiary import : distorted export / import regime (5:1 to 1:8) [India:65%] : debt - trap 4

Evolution & Revolution:

Evolution & Revolution Political superstructure & economic base 1950 →1990→ 1996-2006 : Anti-feudal political revolution New phase of socio-economic revolution/ transformation : transition from feudalism to capitalism : take-off or great leap Role of Youth Business Leaders Entrepreneurs & Managers 5

Development Policy for Nepal:

Development Policy for Nepal Development & Underdevelopment −Development → Full realization of productive potentials of society or transition to higher social formation −Underdevelopment → Non- realization of full potential of dev. and / or blockage to transition to higher formation Stages of Development −Mode of production : interactions of forces & relations of production −Transition from feudalism to capitalism : land/ rent to capital / profit −Law of motion of capitalism : capital + labour+ market : motive of profit maximization : unequal &uneven development −Socialization of Production : Socialist reorganization 6

PowerPoint Presentation:

Socialism- oriented Capitalism − Do away with feudal remnants (agriculture etc.) − Increase production & productivity − Social security & social investment (education, health) − Growth with equity/ Inclusive growth : Class/ region/ gender /caste −PPP model − Role of FDI : capital + technology − Do away with dependency : Bridge between India and China 7

PowerPoint Presentation:

8 Priority Sectors − Agriculture : commercial farming + agro industries − Tourism : Culture + adventure +recreation + sports +eco. etc − Power : micro & mega − Infrastructures −Services ( health, education , finance) − Industries : import- substitution & export -promotion − ICT

Business Leadership of Youth:

Business Leadership of Youth Status of Youth − By 2015 , there will be 3 billion people under 25 yrs. Hence they are the future. − Almost 87% of the world ‘s youth live in developing countries. − In Nepal people of age group 16-40 yrs. constitute 39% of population. − More than 5 million Nepali youths in foreign employment. (Youth Brain Drain) −Rs. 500 billion remittance / year. − 1000 MBA graduates / year. − Ample opportunity for youths in business. 9

PowerPoint Presentation:

Youth & Business −Business : Entrepreneurship & management −Youth as entrepreneur : Aggressive & innovative −Youth as manager : Art of getting things done thro’ & with others −Training and skill −Investment and finance −Self -employment scheme : Urban & rural youth −Abandon jagire mentality ; be job creator and provider rather than job seeker 10

PowerPoint Presentation:

Essential Qualities of Youth Business Leaders −Vision −National pride/ commitment −Passion / will power −Plan & programme / objectivity −Action: risk , motivation −Integrity / ethics 11

“ One starts to get young at the age of sixty” −Pablo Picasso:

“ One starts to get young at the age of sixty” − Pablo Picasso 12 Lecture delivered by Dr. Baburam Bhattarai at Kathmandu University School of Management (KUSOM)on 28 March, 2014

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