Category: Economy

Challenges of Bhutan’s graduation from LDC

In December, with recommendations from the Committee for Development Policy (CPD), United Nations Developed Program (UNDP) at the Twelfth Round Table Meeting (RTM) in Thimphu declared, Bhutan would be graduated to be a developed country by 2021, which means Bhutan will have by then its all capability to sustain...

State of Twa-Wa-Sum

As he twisted the name of the report from ‘State of the Nation’ to ‘State of the Tsa-Wa-Sum’, PM Tshering Tobgay mentioned, “Some are concerned that I do not believe in GNH. Today, I ask them to put their fears to rest. I am not only a firm believer...

Rudd’s challenges

More than a week after the leadership spill in Australian labour, the new Rudd government has not shown any indications whether the federal elections will be held on the date announced by Gillard government. There are several speculations about possible changes in dates: some argue early polls might be...

Bhutan’s new face of politics

The second round of Bhutanese elections is gradually showing the ugly faces of real power struggle that remained shut inside doors for centuries. The contesting parties are taking every opportunity to demoralise, devaluate and undermine the opposition. Those unaware of the open governance and multi-party politics are already seeing...

Bhutan’s youth struggle in kingdom of happiness

By Rachel O’Brien It is known as “the last Shangri-La” — a remote Himalayan nation, rich in natural beauty and Buddhist culture, where national happiness is prioritised over economic growth. But urban youngsters in the kingdom of Bhutan are quick to challenge its rosy reputation. “We can see the...

Economy and two super powers

Two super power diverted world attention this week. America voted for continuity to its existing leadership while China is going through sweeping leadership reshuffle. And these two leaders have immense responsibilities to ensure a better economic picture the world is expecting. American economy performed well below expectation during the...