At this time, the main focus of the state should be on utilizing the large number of active age groups for economic development and prosperity. People of that age group should create a situation where they can see the potential in Nepal and use their abilities here.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
The examples of progress made by South Korea since 1970 and Vietnam since 2000 are often repeated as inspirational lessons for less developed countries like Nepal. Until the 1960s, unemployed South Korean youth depended on foreign employment.
The national economy was fueled by remittances, particularly from construction projects in the Middle East and millions of young workers from South Korea working in German mines. Against this backdrop, the government, which has invested heavily in education, technology and entrepreneurship, implemented an impressive program to connect the youth to vocational training and skill development, especially under the 'South Korean Vocational Training System'.
Therefore, today South Korea has become the world's leading industrialized country that exports remittances. On the other hand, the youth of Vietnam, whose economy is mainly dependent on agriculture, had to go abroad for employment until two decades ago. In this background, the government started the campaign of 'Doi-Moi Policy (Policy Renewal)' to take a leap in technology, manufacturing sector and export-oriented industries.
With its efficient implementation, the government managed to bring in foreign investment and bring its youth back home. Today, Vietnam is counted as a country with a rapid economic growth due to the contribution of its young people. These examples of success make us wonder - when will Nepal wake up?
The majority of young people in any country is considered as an unprecedented opportunity for development and prosperity. During such times called demographic advantage, the number of productive manpower is more than children and old people in the country. The economic growth potential derived from such an age-structure of the population is known as the demographic dividend.
The demographic dividend report published by the National Statistics Office has pointed out that Nepal is currently going through a similar period. The report shows that Nepal can get such a facility only for 27 years.
After that, most of the population in Nepal will be in the old age group. Therefore, it is necessary for the state of Nepal to make good use of the advantages and opportunities it has received now. A strategy should be adopted to link the youth to economic development and prosperity. For that, the state's investment should be increased for the development of the skills of the youth.
According to the population of 2078, the population of 0-14 years in Nepal is 27.9 percent. Similarly, the population above 65 years is 6.9 percent. Both these age groups are considered inactive population. 65.2 percent of the population in the age group of 14-64 is called active.
It is now easy for a large population that can join the income to bear the burden of a small dependent population. This is the time when any country can make rapid economic development. But for that, the state policy should help. Especially the young age group should be linked with economic activities.
The predominance of young age groups means that the number of working people in the country is high. But due to unemployment in Nepal, young people are forced to go for foreign employment. Every year, five lakh youths enter the labor market here, but only about 50,000 are employed.
means our youth are not getting work here. Therefore, the fact that the demographic benefit received by us is only in the data, but the country has not been able to get the full benefit of it is a matter of consideration. Similarly, due to political instability, lack of suitable environment for investment, policy unreliability, the youth group is not able to advance for enterprises. Overall, the state policy of connecting youth with enterprise and production should be the biggest priority today.
At this time, the main focus of the state should be on using the large number of active age groups for economic development and prosperity. People of that age group should create a situation where they can see the potential in Nepal and use their abilities here. They should be linked to enterprise and employment. At the same time, the active age group
The state should also increase investment to qualify and empower people and children who will reach the active age group in the future. State investment should be increased especially in quality education and health of children. The more you can invest in them, the better the returns will be in the future. Because, the more capable the children of today become, the more productive they will become in the future.
On the other hand, the state should not only create a youth-friendly policy, but also ensure its successful implementation. This topic is not only for taking advantage of the present opportunity, but it is also connected with the feeling of having to walk the path of development before that because it is certain that we will enter old age within a few decades .
