One of the main objectives of the traditional theory of development is to identify the reasons why some countries are significantly less developed than others and to develop strategies to overcome any obstacles that prevent them from developing. Caporaso (1980) observed that most development theories have failed due to their inability to explain which factor should be given the greatest importance when attempting to predict the future development of a country. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay However, traditional development theory has always placed great importance on economic growth, identifying a set of universal principles that can be applied to domestic contexts in order to promote development. (Brohman, J., 1995) For example, national development can be hindered by obstacles such as wars, political instability, poverty, healthcare, lack of infrastructure, dependence on foreign aid, education etc., each of which can be addressed by adopting specific remedial measures.In 2011, the International Monetary Fund (2011) classified Nepal as a less developed or developing economy, whose national GDP is expected to grow by 3.8% (-0.7% compared to last year ) during 2012. Among the main obstacles preventing development in Nepal is poverty, which is obviously linked to many other problems, such as unemployment, environmental degradation, poor governance and so on... Indeed , it appears that one of the reasons why Nepal has not been able to solve its poverty is its unstable parliament and general political situation (The Economist, 1999), as well as its dependence on aid from the European Union, United States, the World Bank and other international organizations, which may decide to provide less assistance, due to the instability of the Nepalese government (The Financial Times, 2010). Since poverty is one of the factors that have the most negative impact on the development process of a country, the United Nations has not only included it in the list of the Millennium Development Goals, but has made it their top priority and put an end to all this within a few years. (United Nations, n.d.) As reported by the World Bank (2006), although Nepal's poverty rate decreased by 9% between 19996 and 2004, a significant percentage of its population still lives on less than $1.25 per day, figure set as minimum threshold. International poverty line and lack of job opportunities are encouraging many young Nepalese citizens to move to India, which has further worsened the overall economic situation. Furthermore, while poverty has decreased, inequality has become a huge problem, as only 10% of the country's families. A study conducted by Deininger and Squire (1996) revealed that the unequal distribution of wealth has a negative effect on the growth of a country and that the fact that only a small percentage of the population is not subject to liquidity constraints does not increase inequality and poverty. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Since agriculture accounts for 40% of the country's GDP, measures have been put in place, such as the Agricultural Perspective Plan, to boost agricultural production and reduce poverty, however, considering that Nepal lacks both skilled workers and modern tools/equipment, the government will need to formulate and invest in agricultural development programs to enable Nepal to resume exporting food grains, as it did until., 2006)