Something to Learn From
As the writer of the article, ‘Economy with a Future’, has very accurately pointed out, Bhutan stands as an example for other South Asian countries to follow in terms of economic development. Apart from approving numerous monumental foreign direct investment (FDI) projects, Bhutan is one of the few least developed countries (LDCs) to have promoted human development, thereby enjoying significant progress. Interestingly, there is a lot of emphasis on ‘removing the obstacles of happiness’ as highlighted by the country’s Prime Minister Tshering Tobgay. Very few countries have adopted this rather unique way of catering to and addressing its people’s needs and, so far, for Bhutan, it has worked.
Many countries in the South Asian region can take a leaf out of Bhutan’s books and apply some of its principles to their own environment.
Although Bhutan has many challenges to overcome, still, the fact that it has been able to come this far in a short span of just 50 years is highly commendable.