Nepal ROLE OF GOVERNMENT, NEPAL
Sources: The Library of Congress Country Studies; CIA World Factbook
Market scenes in Durbar Square, Kathmandu, showing merchandise for sale and flowers sold as offerings for Hindu rituals
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
NOTE: The information regarding Nepal on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Nepal ROLE OF GOVERNMENT, NEPAL information contained here. All suggestions for corrections of any errors about Nepal ROLE OF GOVERNMENT, NEPAL should be addressed to the Library of Congress and the CIA.