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Clusters for National Growth: Belt of Prosperous Nepal, Projects Along the North-South Economic Corridor
Abstract
This chapter offers a new economic development model from a cluster-sensitive perspective with a view to attaining Sustainable Development Goals by 2030 and a prosperous Nepal, happy Nepali aspirations by 2043. On the one hand, Nepal is experiencing an enormous investment deficit to meet such goals and aspirations, with COVID-19 exacerbating it even worse. On the other, industry experts and analysts from Macao are claiming that Nepal has the potential to become the next Macao of South Asia. This chapter seeks to offer insight into how Nepal can configure its tangible and intangible endowments with new business environment developments to take full advantage of it. It starts off by identifying the ‘integrated resort' sector as having a relatively high chance of success. It then puts that early success story at the center and leverages it to develop other related sectors in the Nijgadh area, North-South economic corridor, and the rest of the country. The model is similar to other economic corridor developments around the world driven by new connectivity infrastructures.
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