This book highlights the fact that the achievement of economy rests on maximum participation and wellbeing of the people. However, it is not the kind of science that could prescribe only one model for best results. Economy works on market mechanism but, as a matter of fact, its efficacy is judged on augmentation of people?s happiness, comfort and security. The essence of the market economy, on the other hand, hinges on good governance to promote people?s participation for utmost progress. Globalization, integrated economy and liberalized competitive market have been explained in the emerging context of development across the world. Sustainable development, as connected to eco-system and environment, has found its proper place. The book finally enlightens the readers with the latest setbacks the Nepalese economy suffered from devastating earth quake and economic embargo.