One of the main goals of mainstream development theory is to identify the reasons why some countries are significantly less developed than others and to propose strategies for overcoming the obstacles that prevent them from developing. Caporaso (1980) observed that most development theories have failed due to their inability to explain which factor should be given the greatest importance when attempting to predict the future development of a country. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayHowever, mainstream development theory has always placed great emphasis on economic growth, identifying a number of universal principles that can be applied to national contexts to promote development. (Brohman, J., 1995) For example, national development may be hampered by obstacles such as war, political instability, poverty, health, lack of infrastructure, dependence on foreign aid, education, etc., each of which can be overcome by adopting specific measures. solutions. In 2011, the IMF (2011) classified Nepal as a less developed or developing economy, with national GDP expected to grow by 3.8% (-0.7% from last year) in 2012. Among The main obstacles hindering development in Nepal is poverty, which is obviously linked to several other problems, such as unemployment, environmental degradation, poor governance, etc. In fact, it appears that one of the reasons why Nepal has failed to resolve its poverty problem is its instability in Parliament and the general political situation (The Economist, 1999), as well as its dependence with regard to aid from the European Union, the United States, the World Bank and other international organizations, which may decide to provide less aid, due to the instability of the Nepalese government (The Financial Times, 2010). Because poverty is one of the factors that have the most negative impact on the development process of a country, not only did the United Nations include it in their list of Millennium Development Goals, but they have made it their top priority is to put an end to it within a few years. (United Nations, nd) As reported by the World Bank (2006), although Nepal's poverty rate declined by 9% between 19996 and 2004, a significant percentage of its population still lives on less than $1.25 a year. day, which was established as the highest figure. International poverty line and lack of employment opportunities encourage many young Nepali citizens to settle in India, which has worsened the overall economic situation. Additionally, while poverty has declined, inequality has become a huge problem, accounting for only 10% of households in the country. A study by Deininger and Squire (1996) found that an unequal distribution of wealth has a negative effect on a country's growth and that only a small percentage of the population is not cash-constrained and does not increase inequality and poverty. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay Because agriculture accounts for 40% of the country's GDP, measures have been put in place, such as the Agricultural Perspective Plan, to boost agricultural production and reduce poverty. However, since Nepal lacks both skilled workers and modern tools/equipment, the government will need to formulate and invest in agricultural development programs.., 2006)