What are the positive effects of globalization in Nepal?

The following are some of the positive effects of globalization on Nepal:
Modernization of the economy by revolutionizing it into an open service-based one as opposed to an entirely agricultural based economy.
Expansion of the export market for Nepal’s products through increased trade with other countries across the world.
Enabled Foreign Direct Investment (FDI) by multinational corporations, which have not only led to the transfer of technology to Nepal but also improved the country’s Balance of Payments (BOP).
Increased employment opportunities for Nepalese workers through exposure to the international labor market.
Due to global competition, the population in Nepal has increased access to a wide variety of high-quality and affordable products.
Social-cultural transformation as a result of activities such as tourism, migration, and exchange of knowledge.

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