Bhutan Critical Development Constraints

Asian Development Bank (adb)

No RPT135653-2, ADB Reports from Asian Development Bank (ADB)

Abstract: Guided by its philosophy of gross national happiness, Bhutan achieved strong growth during 1981–2011, and its per capita gross domestic product more than quintupled, with hydropower as the main growth driver. The government’s conscious efforts to invest in socioeconomic programs have helped reduce poverty in the country. Bhutan recognizes that it needs to continue its efforts to make growth resilient to external and internal factors. This report identifies the most critical constraints facing the economy and discusses policy options to assist the government in its endeavor to achieve strong, balanced, and resilient growth that is also inclusive. The report also highlights potential new drivers that can help complement Bhutan’s continuing efforts to achieve inclusive and sustainable socioeconomic development.

Keywords: Bhutan; economic development; inclusive growth; country diagnostics study; critical development constraints; gross national happiness; himalayas; hydropower development; South Asia; hydropower; Bhutan Five-Year Plan (search for similar items in EconPapers)
Pages: 147 pages
Date: 2013-08, Revised 2013-12-13
New Economics Papers: this item is included in nep-hap
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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