Economic compulsions have led to increasing codification and introduction of the rule of law without which a market economy would be unable to function efficiently. This has significantly reduced the power of the political elite and led to important political reforms like limiting the terms of office holders to two terms of five years each.
The architecture of the labour market is changing and in this change, the labourers must be reckoned as important stakeholders, especially when their vulnerabilities are at the worst. More than at any other time in the past, they need a safety net and support from the government.
It is clear Nepal has embarked on the restructuring of her economy, which could benefit the Indian states in her neighbourhood, especially those in the North-east.
