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Submitted by Austin on
Great post. Small businesses and their products have been the reasons that developing countries have seen economic growth and prosperity. This is evident by the economic development past of China, US, Europe, and most other countries. More importantly, I think that if and when a better governance structure is in place in Nepal many opportunities exist for organizations to bolster economic development through small businesses. Mike gave microloans as an example and that will make significant differences. But, small companies that depend on infrastructure (such as telecommunications, internet, it services, etc), which I am assuming are not very common in Nepal could benefit from economic development tools such as an incubator. Incubators will allow reliable infrastructure and office space to be provided until the business is able to make an investment in their own field. I agree that I see a lot of potential for the entire South Asia area.