Kathmandu, Nov. 12 -- More than three and a half decades after Nepal embraced economic liberalisation, the country has failed to develop enough large employers to absorb its growing workforce, forcing around 2,000 young people to seek jobs abroad every day.

Economic reforms were introduced to encourage private investment, production, and trade. But political instability, internal conflict, inadequate infrastructure, and weak governance have prevented the country from creating enough jobs.

Prakash Kumar Shrestha, a former vice-chairman of the National Planning Commission, said the deteriorating investment climate and the government's inability to increase capital expenditure in recent years had directly affected job creation.

"Investmen...