Nations form alliances in order to achieve goals that otherwise wouldn't be possible. For example, NATO, or the North Atlantic Treaty Organization, a coalition of countries in North America and Europe, agree to defend one another in case of attack from an outside party. This is clearly beneficial, because this intergovernmental support both makes an outside attack less probable, and if it occurs, easier to handle. Another example is NAFTA, or the North American Free Trade Agreement. Shared among Canada, the US, and Mexico, this alliance eradicated trade barriers within these countries. Another beneficial alliance, this agreement increases international trade due to lower costs and thus improves the international economy.
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People who act in accordance with Gibb's category of equality communicate that while they may have greater talent in some areas, all have just as much worth as human beings.
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The Nepal Development Update is produced annually with two main aims: to report on key economic developments over the preceding months, placing them in a longer term and global perspective; and to examine (in the Special Focus section) topics of particular policy significance. The Update is intended for a wide audience including policymakers, business leaders, the community of analysts and professionals engaged in economic debates, and the general public.
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For Nepal to achieve its export potential, six key priorities need to be tackled. First, Nepal will need to reform the tourism sector to meet the expected changes to demand and preferences, following the pandemic. A quick and resilient recovery of the sector could come about through investments to improve planning, conservation, and resilient infrastructure. It would also entail coordination with the private sector to upgrade skills and develop nature-based tourism that is environmentally sustainable, with potential to support jobs creation and inclusive growth. Second, to attract FDI, crucial for integration into regional and global value chains, it will be important to simplify and streamline processes for multinationals setting shop in Nepal, as well as actively engage in economic diplomacy to attract FDI. Third, modernizing export promotion will require links to digitization, simplification of processes, skills development, and incentives for exporters. Fourth, a reduction of trade costs will be critical, particularly given the country’s landlocked location and the mountainous terrain. This would entail reducing border crossing congestion through upgraded infrastructure and streamlined procedures and processes. Similarly, reducing import duties – particularly on raw materials and intermediates – is crucial to ensure exporters have access to the most efficient inputs at world prices. Fifth, investments to improve phytosanitary infrastructure will be needed for increased standards and safety of exports. Sixth, measures to boost digital trade, and e-commerce in general – could potentially be a game changer for Nepal – through adopting a robust policy framework. This would include, inter alia, efficient domestic and cross-border digital payment systems, and consumer protection and data privacy regulations aligned with international good practices.
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The argument most often cited in support of capital punishment is that the threat of execution influences criminal behavior more effectively than imprisonment does. As plausible as this claim may sound, in actuality the death penalty fails as a deterrent for several reasons.
