Author: Himalaya Post

– Top Lal Panthi Now the world is becoming single village due to globalization process, economies have been integrating as a single global village, particularly in the areas of trade, finance, investment, technology transfer and cross cultural development. Countries are providing insight into the drivers of their productivity and prosperity. Increasing global competition is changing the environment facing most companies today. Competitive pressures arising from differences in quality, pricing and product portfolios were driving these losses in Nepalese products, at the same time trade barriers are falling and transaction costs are declining, new global competitors are entering previously more isolated domestic markets. In response to this intensified competitive pressure, local companies are pushed to enhance their products by innovating and adopting process and product improvements. In this scenario, Nepalese business firms must identify the soaring demand of third countries, whose purchasing power and the rate of readiness to accept the Nepalese products are very high. Those products can be developed with below cost using local resources as compared to other states in Nepal. Successfully executed, this strategy generates a flow of money from abroad that the country can then use to strengthen its domestic economy and raise living standards of Nepal. Many developing countries like Nepal are applying this strategy which supports to develop rapidly.  The increased openness, the export trade of Nepal can flourish to the world through...

– Dr. BP Badal Maslow’s “Hierarchy of Human Need” theory is incomplete. The basic human need was defined by famous psychologist Abraham Maslow, who has developed a list of human needs that people now call the Hierarchy of Human Needs. He published the list in the 1940s and became the most referenced list of human needs in many discipline.  According to him at the beginning human being need to satisfy physiological (food, clothes, shelter, sanitation, education health) at first, safety needs (free from any kind of risk) second, Love needs, self-esteem, and self-actualization need third, fourth and fifth level human needs.  Is the first basic need of a human being is food? Social sciences are not limited to psychology or economics or anthropology but it has to address entire humanity and its environment. This theory of Maslow has been used in many disciplines to define basic human needs. The world employment program of the International Labor Organization (ILO) has categorized the basic needs approach is one of the major approaches to the measurement of absolute poverty in developing countries on the basis of Maslow’s thesis. It has attempted to define the absolute minimum resources necessary for long-term physical well-being, usually in terms of consumption goods at a basic level. The poverty line is then defined as the amount of income required to satisfy those basic needs. The ‘basic needs’...