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PEI Substack: Of Policies and Politics · Feb 16, 2026

Beyond the Ballot Box: Why Nepal’s Institutions Matter More Than the Election

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Policy Entrepreneurs Inc. · PEI Substack: Of Policies and Politics

While the headlines are currently consumed by seat projections and tactical alliances for the upcoming March 5th elections, a deeper, more consequential shift is taking place beneath the surface of Nepali politics.

In this episode of PODS by PEI, hosts Nirjan Rai and Saumitra Neupane sit down with Dr. Alok K. Bohara, Professor Emeritus at the University of New Mexico and founder of the Nepal Study Center.

Dr. Bohara argues that we are witnessing an “Emergence”—a systemic recalibration driven by a generation that is no longer content with the “Extraction-Control Nexus” that has defined Nepal’s governance for decades.

Before diving into the episode, we highly recommend exploring Dr. Bohara’s ongoing work at his Substack, Nepal Unplugged.

In his writing, Dr. Bohara applies a transdisciplinary lens to Nepal’s political economy, offering “outside-the-box” frameworks that challenge mainstream narratives. His recent series on “Institutional Memory” and the “Missing Middle” serves as the essential intellectual backdrop for this conversation.

Nepal’s democracy has faced major “collapses” three times since 1990. According to Dr. Bohara, these aren’t just political failures; they are institutional ones. When democratic guardrails like the judiciary and the bureaucracy lack independent “memory,” the system becomes a “wealth pump” for elites rather than a service delivery mechanism for the public.

As Dr. Bohara notes during our conversation:

“It comes down to institutional memory. We have created what I call a ‘paper democracy’—a system of short-memory politics that focuses on finding the perfect leader rather than designing institutions robust enough to survive imperfect ones.”

If you enjoyed this deep dive, make sure to visit our website and subscribe to PODS by PEI on your favorite platform. By subscribing, you’ll get notified every time we sit down with the thinkers and doers shaping Nepal’s policy landscape.

For more in-depth analysis on Nepal’s political economy, follow us on Twitter/X @Tweet2PEI.

Read the original on policyentre.substack.com

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