Citation:

Manisha Paudel. "Gig Economy: Opportunities and Challenges in Nepal" International Research Journal of Economics and Management Studies, Vol. 3, No. 4, pp. 342-347, 2024.

Abstract:

This paper aims to examine the opportunities and challenges presented by the gig economy in Nepal. It is a reviewbased article that highlights the impact of digital technologies and online platforms on Nepali workers, providing new earning opportunities and potentially reducing reliance on traditional remittances. However, it also identifies key challenges such as job insecurity, regulatory obstacles, and power imbalances between gig workers and employers. The article emphasizes the importance of embracing digital advancements and creating supportive regulations tailored to Nepal’s context to harness the benefits of the gig economy fully. The rise of the gig economy brings both advantages and drawbacks, notably impacting job security and worker autonomy. In Nepal, regulatory barriers hinder the gig economy’s growth, underscoring the need for tailored policies to address worker rights and working conditions. Recommendations include improving digital literacy, enhancing access to technology, and ensuring fair treatment and compensation for gig workers. Additionally, addressing challenges such as regulatory barriers and income stability is crucial for fostering a thriving gig economy ecosystem in Nepal. The paper also acknowledges the limited literatures available in the case of Nepal. Despite the challenges, the gig economy holds promise for driving innovation, job creation, and economic growth in Nepal. Continued research and policy development are essential for navigating the evolving landscape of gig work and maximizing its potential benefits for Nepali workers and businesses.

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Keywords:

Gig economy, digital, platform, jobs, Nepal.