Indo-Nepal Trade Relation: The Phenomenon of Black Hole Effect
Published By: Nepal Rastra Bank | Published Date: October, 01 , 2013In the field of international trade, an economy is assumed to be reeling under the 'BLACK HOLE EFFECT' of another economy, if all the major variables of international trade, irrespective of in which country they belong to, solely act in the favor of the latter economy. The 'BLACK HOLE EFFECT' explains why Nepal has not been able to reap the benefit that would have come from the 'locomotive effect' of the robust growth of the Indian economy.
Author(s): Mahesh Chaulagai | Posted on: Jan 01, 2016 | Views()