By Admin 
Whatever happened in Nepal recently, he caught the attention of the entire South Asia. The government order to ban social media websites provoked the anger of the youth (GEN-Z). Gen-Z calls them, who use social media platforms to raise their voice on digital platforms and connect with the global world. Such people were considering the decision of the government as an attack on freedom of expression. The effect of the movement was that the protesters burnt the Parliament House. Due to this, the government is expected to lose crores. It was engaged in US $ 43.5 million to make it. Apart from this, there are many such projects, which are running in Nepal from other countries. Those projects will also see the impact of the performance. The disadvantage of GEN-Z’s violent performance can directly be seen on Nepal’s economy.
The effect of protests in Nepal was that the government withdrew the decision to ban social media, but by then it was late. This was not just a technical issue. It was a dissatisfaction in the mind for decades, which suddenly burst. People were saying that social media ban is just an excuse, the real reason is the long -running corruption, political instability and unemployment. The situation worsened when the security forces tried to scare the protesters. At least 22 people died in the violence. After this, Prime Minister KP Oli had to resign from his post.
The roots of instability in Nepal’s politics
The political history of Nepal has been full of upheaval. In 1951, when the country moved towards democracy from the monarchy, it was expected that stability would come, but after that the monarchy captured power several times and weakened democratic institutions. The Maoist rebellion in the 1990s completely changed Nepal’s politics. The monarchy ended in 2006 and the Maoists emerged as the biggest political force in 2008, but they also failed to give a permanent and strong rule. Since 2008, no party in Nepal could achieve majority. In the current Parliament, the outgoing Prime Minister Oli’s party also had only 78 seats out of 285. This scattered politics made governance weak and gave an opportunity to deepen corruption.
Poverty decreased, but with the help of migrants
Despite political instability, Nepal has achieved shocking success in poverty alleviation sector. In 1995, where 55 percent of the people were below the international poverty line ($ 2.15 per day), it declined to just 0.4 per cent by 2023. However, this success has come from domestic economic development, but from the earnings and remittances of migrants. Today, about 30 percent of Nepal’s GDP is dependent on the amount coming from abroad. Some member works abroad from every fourth house. That is, a large part of Nepali society today is based on the economies of other countries of the world. This is the reason why anger increased from social media ban. This was not only an attempt to stop the voice of the younger generation, but a cheaper means was also taken away to connect with family members working abroad.
Nepal’s economy depends on migrants
- The World Bank divides the economy of Nepal into three stages, which is as follows:
- Conflict period (1996–2006): A round of Maoist rebellion.
- Conflict period (2007-2014): Attempts for political reorganization.
- Repeated shocks (2015-2023): Earthquake, epidemic and political crisis.
In all these phases, Nepal’s economy has performed poorly compared to its neighboring countries. High Remittans Flow strengthened foreign currency, but this negatively affected exports. When the migrants come back, they find it difficult to reside in the domestic economy again. The result of this is that Nepal’s economy may look stable, but it is hollow from within. It is like a mine that can burst at any time and Jane Z protests are a sign of the same.
Also read: NEPAL CRISIS: Why did the Mughal rulers not rule Nepal again for 300 years in India?