Bhutan: Critical Development Constraints
Asian Development Bank | August 2013
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.
Citation
Asian Development Bank. 2013. Bhutan: Critical Development Constraints. © Asian Development Bank, Australian Agency for International Development, and Japan International Cooperation Agency. http://hdl.handle.net/11540/819. License: CC BY 3.0 IGO.PDF ISBN
978-92-9254-245-0
Print ISBN
978-92-9254-244-3
Keywords
Agricultural And Rural Development
Development In East Asia
Infrastructure Development Projects
Institutional Development
Millennium Development Goals
Policy Development
Social Development Programs
Social Development
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Social participation
Political participation
Community banks
Business planning
Infrastructure
Sustainable urban development
Social contract
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