A Framework of Trade Policy for Bhutan: Compatible with the Gross National Happiness | Asian Development Bank

A Framework of Trade Policy for Bhutan: Compatible with the Gross National Happiness

Publication | September 2015
A Framework of Trade Policy for Bhutan: Compatible with the Gross National Happiness

One of the most urgent tasks facing Bhutan is to raise general living standards.  But is the open trade policy needed to grow the economy compatible with the country's gross national happiness guidelines?

The paper explores trade and industry policy that is compatible with the gross national happiness guidelines. It also points out that the structure of the Government of Bhutan is seemingly less oriented to trade policy than its neighbors, and suggests a new organization for promoting a more active and open trade policy. 

Contents 

  • Abstract
  • Introduction
  • Performance of the Macronomy and External Sector
  • Trade Policy in the Gross National Happiness System
  • Global Supply Chains
  • Bhutan's Trade Policy Issues
  • Exploring Trade and Industry Policy with current Gross National Happiness Guidelines
  • Conclusion
  • Appendix 1
  • Appendix 2
  • References