Nepal presents itself as the only most strategically located country in the world in the age of Chinese revivalism and Indian renaissance. The US, China, Russia or any global powers may boast themselves with their military and economic strengths.
However, Nepal, one of the least developed countries in the political globe, has the strongest potentialities and, thus, can be the game changer in the future international politics with its currently untapped natural resources including human capital.
In fact, nations in the world require sources of power for keeping them in the global political map. The powers can be obtained through varied sources. The geographical territories that the nations claim as their own offer certain group of the people with distinct cultural, social and historical legacies.
Then, the people residing within their territories make vital stock for strength to the nations since human resource is one of the most basic ingredients for running a nation. The next element comes to be an administrative organization to claim the jurisdiction within the territories and the people—the state. These major parts put a nation primarily in structure.
Apart from that, the resources including minerals, water, landscapes, forests among others are indispensably needed for generating happiness among the human societies with multiple choices in their lives. The most important thing for a nation in the modern world has been the strategic local of its territories. The geo-strategic dimension tenders particular image to a nation for myriads of reasons.
A nation with sea coasts can do business and interact more powerfully to the other nations of the world whereas the nations without any coastal borders must suffer from the unprecedented scales of humiliations from those nations through which it has to contact the outside world.
Mostly, the land-locked countries around the world have the shared fate i.e. they must rely upon the countries having seashores. The landlocked countries remain reliant on neighboring countries that have the transit routes for their external trade. It, in fact, creates chronic distress due to the high trade transaction costs.
Huge transport costs, inadequate infrastructure and bottlenecks coupled with import and export necessities can be a grave awkward obstructions to their incorporation into the global economy.
It, rather, contributes for impairing export competitiveness as well as the inflow of foreign investment. Nepal, as land-locked country, has been undergoing through aforementioned challenges in recent history, especially, since late 1940s.
Having said that, we cannot deny the crucial fact that Nepal has got the bounty of the mother nature—the natural resources that includes water resources, momentously. The hydropower potentiality in Nepal is immense. The other crucial natural resource is mineral. Its geostrategic location can not be compared to any other country. The major resources can be enumerated as:
a. mines and mineral resources
b. geo-strategic location
c. hydropower potentiality
d. human resources
e. tourism and hospitality
f. forest and agriculture
According to the The Nepal Geological Society (NGS) Nepal has got so much of the natural resources that can catapult Nepalese economy to the Apex if tapped with right purpose exchanging the them with foreign currencies to fill the national treasury.
The metallic, nonmetallic minerals, industrial Minerals including the rare earth elements (REEs), precious and semiprecious stones (Gemstones), decorative and dimension stones, construction minerals (Materials) including fuel Minerals like coal, petroleum and natural gas, methane gas, geothermal, hot springs among others are to name a few.
Apart from that, the most valued radioactive minerals like uranium and thorium which are used for generating nuclear power are found in plenty in Nepal. cont.