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Lack of Economic Freedom Will Hinder Nepal’s Recovery
Huma SattarNepal’s economy is almost entirely dependent on the service industry (including tourism) and remittances—49 percent and 28 percent of gross domestic product (GDP), respectively—and will take decades to recover from last month’s earthquake, in part due to the country’s lack of economic freedom. The 7.8-magnitude quake that hit the country’s capital, Kathmandu, early on April…

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