A Happy World
Gross National Happiness has attracted the focus of the World Bank which is exploring the potential use of the concept. During a visit to Bhutan, the World Bank’s Senior Vice President Kaushik Basu, who is also the chief economist with the Bank, lauded the country’s pioneering role in the “incorporation of holistic dimensions in development philosophy” and said that Bhutan could be a model country for the rest of the world.
“We are exploring areas where Bhutan and the World Bank can collaborate because we are now interested in the broader aspects of the economic dimensions of development,” he said. Basu praised Bhutan for its efforts to decrease poverty, saying that Bhutan’s poverty fall was sharper than that of China whose poverty rate is less than 6 percent.