For many decades, South East Asian countries went under-noticed. No more so. The politically and socio-economically turbulent region of the past attracted 11.5 percent of global FDI inflows worth around USD155 billion in 2018. The major reason for this economic impetus resides in their commitment for regionalism, enhanced connectivity to foster intra and inter-regional trade and innovation policies that stimulate socio-economic development. For Nepal, this achievement can provide valuable lessons in terms of policy measures and robust implementation mechanism to overcome ‘rent-seeking mentality’. Lessons from ASEAN economies are quintessential on grounds of our similar political, economic and cultural experiences and geo-proximity.
KATHMANDU, June 22: Experts from South Asia and South East Asia have highlighted the various opportunities and challenges associated with the China-proposed Belt and Road Initiative during a two-day international conference which was concluded in Kathmandu on Friday.