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Nepal is an under developed country where there has been dramatic increase in influx of specie in the form of remittance income and equally increase in outflow of money to finance import of luxury goods. Can we say that the 2nd thought experiement of "Dramatic influx of specie" is applicable in Nepal? Is solution to this problem encouragement to investment of such remittance income in national pride projects such as hydropower investment and infrastructure development? How can government make people voluntarily invest on such projects? As long as the there is political instability and deep routed corruption from top to the bottom of the government office together with unclear repatriation policy accumulation of national wealth and influx of FDI (commerce) may not be easy.
If the inflow of specie equals to the outflow, there is no balance of trade problem. The inflow is not dramatic and we cannot justify a government intervention there ongrounds of trade imbalance. The problem is poor domestic investment. The Nepalese probably buy luxury goods because they believe domestic projects are a less secure investment. Of course this does not directly lead to growth. You are right that political stability is needed for development. What the government can do is to credibly commit that fiscal policy, monetary policy, and regulatory policy are stable. Making that commitment believable takes a few years (a few election terms actually) of secure generalized property rights for Nepalese and foreign investors, regardless of the commodities they invest. Paradoxically the government needs to let the Nepalese buy as many luxury goods they want from abroad. If the government discourages a particular investment and encourages another, this will send the signal that property rights will always be subject to government manipulation according to the preferences of those who happen to be in power regarding one kind of domestic investment project rather than another kind of domestic development project. That signal depresses investment.