Third World economics ¡ª Nepal

This essay is mainly about Nepal economy and sustainable development. In the following, I will discuss several questions, which are related to Nepal economy and development.
Sustainable development in Nepal
Nepal, officially Kingdom of Nepal, which borders autonomous region of Tibet of the Peoples Republic of China in the north and India in the east, south and west, with a number of over twenty million people, is one of the least developed countries in the world. The condition of Nepal economy will be followed.
Q1 Absolute advantage
Firstly, because of the scarcity of natural resources and rugged terrain, the productivity of Nepal is low. According to Graph 1.1, we can see that most area in Nepal is in high elevation, and the rugged terrain in Nepal leads to poor transportation and difficult communication. As we call the country have an absolute advantage in the production on a goods when the country can produce more of a good with the same resources that another country can, we ar...