Economic Liberalization and Balancing Relationship with Neighbors in the Foreign Policy of Nepali Congress Party

Abstract

Nepali Congress has consistently upheld multiparty democracy as its core agenda. The party's commitment to maintaining an equal distance between Nepal's two powerful neighbors, China and India, is a significant aspect of its foreign policy. This study focuses on the pivotal role of the Nepali Congress Party in strengthening democratic institutions and promoting economic liberalization in Nepal. It highlights the party's influence on Nepal's economic development and the diplomatic balancing act between China and India. The study analyzed key documents related to the Nepali Congress, such as manifestos, budgets, and policy statements, through qualitative research. The findings reveal that the Nepali Congress has been instrumental in maintaining a liberal economic system in Nepal and balancing diplomatic relationships with both neighboring nations. As a liberal democratic party, the Nepali Congress has fostered a balanced foreign policy that supports economic growth and friendly ties with China and India.