Abstract
The post cold war period is marked by a new multi-dimensional strategic environment giving new focus to international relations and security of small states. Though the US is the only superpower, the world surely is moving towards multi-polarity and interdependence where regional powers and international systems have an increasingly powerful role. In such an environment small states are finding themselves even more vulnerable. The world dynamics is changing very quickly and with it security dimensions are also changing which brings security as well as insecurity to the smaller states like Nepal. The Nepali security dynamics cannot remain separate from the world changes and there are internal as well as external changes which are taking place in the country. More importantly with the recent dramatic changes and adaptation of a new constitution an optimistic political tendencies have emerged but with it the emerging internal crisis have emerged. This paper analyzes the new emerging security challenges Nepal is facing in the evolving new world order and at the same time suggests some authenticate credible and viable security options for it. It analyzes the special characteristics of Nepal and its vulnerability to both traditional and new forms of threats. The paper is divided into five sub-headings which include introduction, theoretical understanding, major security challenges, security options for Nepal and conclusion.
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