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Bhutan Critical Development Constraints

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  • 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.

Suggested Citation

  • Asian Development Bank (ADB), 2013. "Bhutan Critical Development Constraints," ADB Reports RPT135653-2, Asian Development Bank (ADB), revised 13 Dec 2013.
    • Handle: RePEc:asd:wpaper:rpt135653-2
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    File URL: http://www.adb.org/sites/default/files/pub/2013/bhutan-critical-development-constraints.pdf
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    Cited by:

    1. S.R. Osmani, 2018. "Socio-economic development in South Asia: The past 50 years," WIDER Working Paper Series 105, World Institute for Development Economic Research (UNU-WIDER).
    2. S. R. Osmani, 2018. "Socio-economic development in South Asia: The past 50 years," WIDER Working Paper Series wp-2018-105, World Institute for Development Economic Research (UNU-WIDER).

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