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The Power of Strategic Alliances: A Guide for Nepalese Companies to Find Reliable Partners to Grow Together, Export, and Advocate for Common Interests
Nepal's High Dependence on Remittances and the accompanying "brain drain" create a difficult economic situation: the country receives significant foreign exchange earnings, but lacks qualified personnel to effectively use them in developing the manufacturing sector. Remittances, although they support the balance of payments and reduce poverty, do not solve the fundamental problems of low productivity and a shortage of quality jobs. The "brain drain" exacerbates this problem by depriving the country of needed human capital. In this context, strategic alliances, especially with international partners, could be a key mechanism not only for attracting foreign direct investment, but also for transferring much-needed technology, management expertise, and creating more attractive and better-paying jobs. This, in turn, could help retain talent in the country and reduce reliance on remittances, setting the economy on a more sustainable and self-sufficient path.
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By Alpha Business MediaNepal's High Dependence on Remittances and the accompanying "brain drain" create a difficult economic situation: the country receives significant foreign exchange earnings, but lacks qualified personnel to effectively use them in developing the manufacturing sector. Remittances, although they support the balance of payments and reduce poverty, do not solve the fundamental problems of low productivity and a shortage of quality jobs. The "brain drain" exacerbates this problem by depriving the country of needed human capital. In this context, strategic alliances, especially with international partners, could be a key mechanism not only for attracting foreign direct investment, but also for transferring much-needed technology, management expertise, and creating more attractive and better-paying jobs. This, in turn, could help retain talent in the country and reduce reliance on remittances, setting the economy on a more sustainable and self-sufficient path.