This book argues that mainstream economics cannot explain the underdevelopment and poverty of Nepal, neither can it be explained in terms of economics alone nor capital inadequacy even, as is conventionally believed. The author asserts that Nepal's underdevelopment needs to be located in the nature of the state which has been shaped by the collusion of interest among politicians and the resulting bureaucracy, triggering the growth of crony capitalism. The book presents a critical and radical analysis of factors that have kept Nepal in a state of underdevelopment and poverty, with huge section of the society in underprivileged and deprived socio-economic conditions, despite six decades of planning, seven decades of dependence on foreign aid, and numerous political regime changes, from the Rana regime for over a century from 1846-1950 through to the republic regime from 2007 onwards. To support this argument, the book delves into an exploration of growth performance in Nepal, government attempts at poverty alleviation, foreign aid and its effects in the economy and the nature of the state, with a focus on Maoists' 10-year rebellion. Each chapter presents the existing picture and examines the possible reasons for the failure in achieving the desired results. A comparative analysis of Nepal's position with respect to South Asian Association for Regional Cooperation (SAARC) countries is also presented in a number of chapters. The audience for the book will be students, academics and researchers, and within Nepal itself, intellectuals, politicians, and officials of the National Planning Commission, the central bank and other banks and financial institutions.

"This book argues that mainstream economics cannot explain the underdevelopment and poverty of Nepal, neither can it be explained in terms of economics alone nor capital inadequacy even, as is conventionally believed. The author asserts that Nepal's underdevelopment needs to be located in the nature of the state which has been shaped by the collusion of interest among politicians and the resulting bureaucracy, triggering the growth of crony capitalism. The book presents a critical and radical analysis of factors that have kept Nepal in a state of underdevelopment and poverty, with huge section of the society in underprivileged and deprived socio-economic conditions, despite six decades of planning, seven decades of dependence on foreign aid, and numerous political regime changes, from the Rana regime for over a century from 1846-1950 through to the republic regime from 2007 onwards. To support this argument, the book delves into an exploration of growth performance in Nepal, government attempts at poverty alleviation, foreign aid and its effects in the economy and the nature of the state, with a focus on Maoists' 10-year rebellion. Each chapter presents the existing picture and examines the possible reasons for the failure in achieving the desired results. A comparative analysis of Nepal's position with respect to South Asian Association for Regional Cooperation (SAARC) countries is also presented in a number of chapters. The audience for the book will be students, academics and researchers, and within Nepal itself, intellectuals, politicians, and officials of the National Planning Commission, the central bank and other banks and financial institutions"--

The economic and social development that Bangladesh has achieved in the past two decades has made Bangladesh a development paradox. This book tries to explain this paradox through a political economy lens. The book explains the linkages between the state, changing society and emerging private sector, and examines whether the social transformation taking place in Bangladesh has the potential to live up to the expectations of a middle- income country. The early part of the book unravels the myriad relations between the state, society and market to project the aspirations of a newly independent nation. It analyzes how political turmoil, militarization of politics, politicization of institutions, reforms initiatives, industrial and social development policies, and the power nexus influenced the nature of the political economy of Bangladesh. The book goes on to examine how domestic appetite for capital and raw materials, the digital revolution, and the capacity of the local market to absorb expanded economic activities have created an environment that catalyzes innovation and entrepreneurship. The book also explains how the country has attempted to transform from an agrarian to a manufacturing- based economy, with rapid growth in the ready- made garment industry, pisciculture, pharmaceuticals and the ICT sector. Bangladesh’s journey from an emerging economy towards a developed country would interest those researching on development economics and those in policy making.

Most books on happiness are concerned with answering, in their diverse ways, a basic question: how should I live? Such books assume, however, that the path to happiness lies entirely within one’s control. Happiness is simply a matter of doing certain things and refraining from doing certain other things. This book, however, takes a different view. It is that happiness is not always within our control but, instead, prey to the attitudes and actions of others. Following Jean-Paul Sartre’s aphorism, “hell is other people”, the broad theme of this book is that “unhappiness is other people”. In the language of economics, “other” people, through their attitudes and actions, create externalities – often negative - which serve to make “us” unhappy. The instruments for creating such externalities are intolerance and feelings of envy/superiority. This book expands on this theme in respect of three areas: religion, money, and prejudice. It is fair to say the existing (un)happiness literature, particularly in economics, does not take many of these externalities into account. Instead, the focus is, firstly, on identifying the factors, internal to oneself, that contribute to personal happiness and, secondly, on measuring the relative strength of their contribution. By contrast, an analysis of the externalities that people impose upon others lies at the heart of this book. Economics, Religion and Happiness will primarily appeal to students, academics and researchers across economics, psychology, philosophy, and sociology, and will also find an audience among those interested in exploring issues related to happiness in greater depth.

Small and medium-sized enterprises (SMEs) are a driving force of the global economy, contributing up to 50% of gross domestic product in some instances. They also contribute to economic development through various channels such as employment creation, economic growth and poverty reduction, key elements of the Sustainable Development Goals. Furthermore, in many economies the majority of jobs are provided by SMEs. However, despite their support of the economy, SMEs are prone to several binding constraints, such as access to finance and market entry, as well as exogenous shocks and crises, most recently the COVID-19 pandemic. Building on evidence from international experience, SMEs and Economic Development in Africa provides grounded solutions to challenges affecting SMEs, particularly in Africa, and offers guidance on how to build resilience to counteract future shocks. It also offers a number of policy measures which governments in developing countries may need to consider in order to encourage economic growth and development, such as increasing productive capacities, training, enhancing business ethics and professionalism and improving competitiveness. What makes this book distinctive is that fact that it brings together the literature concerning SMEs in one place, and using case studies, it showcases how policymakers can overcome the challenges affecting SMEs. The book also provides tested and practical remedies for African economies with a view to making SMEs a springboard for economic prosperity. The book will appeal to advanced students, scholars and researchers, as well as policymakers, development agencies and non-governmental organisations.

ASEAN’s real gross domestic product (GDP) had declined sharply due to the COVID-19 pandemic. The economic downturn and the uncertainty about the future reduced the new investments in green projects drastically. Besides this, many governments rolled back environmental regulations and taxes and increased fossil-fuel intensive infrastructure and electricity to stimulate economic growth. Post-Pandemic Green Recovery in ASEAN consists of several empirical studies using fresh data, with regional and country-level perspectives on ways to keep the greenness of the economic recovery plans. The chapters look at various aspects and sectors, including tourism, infrastructure, energy, small and medium enterprises (SMEs), employment, and livelihood, by assessing the effectiveness of various tools and instruments, including green finance, carbon taxation, green Sukuk, credit guarantee, cash transfer payment, power purchase agreements, and the related policies. They also provide practical policy recommendations useful for the ASEAN member states and other developing regions for the green recovery in the post-pandemic. Reiterating the importance of green and low-carbon mechanisms and climate change tackling policies besides the usual economic recovery strategies, this book is a precious resource for the researchers of economics, finance, ASEAN and Asian studies, and policymakers.