Nepal needs to learn how to catch fish: Prof. Kang

By A Staff Reporter

professorKathmandu, Jan.14:Professor Kang Tae-Joong of the Gangneung-Wonju National University of South Korea has said that Nepal can achieve economic progress sooner as the country has embarked on a new journey, ending political disturbances.
Professor Kang said this while delivering his lecture at the Nepal Rasta Bank here yesterday on the topic – Korea’s Economic Development: Its Strategies, Challenges and Implications.
Referring to Korea’s achievement in progressing from a poor to to a highly prosperous nation, Professor Kang stressed the need for a change in the people’s mindset, wise economic policy and stable government to achieve high prosperity.
He also said that to achieve the economic development the country needed national consensus to to undertake development programmes.
Because of the hard working nature of the Korean people and their sacrifices for the country’s economic achievement, Korea became successful in bringing miracles- producing from potato chips to computer chips during just one generation, he added.
Stressing on the implications for Nepal based on Korea’s experience Professor Kang said that the leaders should have a comprehensive and consistent vision. They also should give the general people a clear vision and hope to make them feel that “if they work hard, they will have a bright future,” he further said.
Highlighting the growth strategy policies through HCI drive and financial restructuring “Self-help and hardworking are the keys for economic development,” he said and added further that “it is always better to learn “how to catch a fish” than receiving only fish from the developed countries.”
He also said that England took 200 years, USA and Japan took 100 to achieve their economic development while Korea achieved the feat only within 40 years.
If Nepal properly uses the remittances received from various countries including Korea in building the various infrastructures Nepal could also achieve economic development within very short span of time as the country itself has various natural resources too.
A former Director General of Central Bank of Korea, Professor Kang was a research fellow at the Illinois University, USA and also had served as an advisor at the Nepal Rastra Bank from 2010 to 2012.
Meanwhile, the professors’ team of Gangneung-Wonju National University of South Korea had also met with the Vice Chancellor of the Tribhuvan University Proffessor Dr. Tirtha Khaniya at his office in Kirtipur and discussed the various concepts and ways on how the Gangneung-Wonju National University of South Korea could assist to the Tribhuvan University. 

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