NepalROLE OF GOVERNMENT, NEPAL
Market scenes in Durbar Square, Kathmandu, showing merchandise
for sale and flowers sold as offerings for Hindu rituals
Courtesy Linda Galantin
Government participation (or interference) in the
economy was
very strong, beginning with the Rana period, which lasted
from the
mid-nineteenth century until the mid-twentieth century
(see Rana Rule
, ch. 1). During Rana rule, there were very few
industries
other than cottage type, and they were under strict
government
supervision. After the fall of the Ranas in 1950-51,
economic
planning as an approach to development was discussed.
Finally, in
1956 the First Five-Year Plan (1956-61) was announced.
Data as of September 1991
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