How Much Should Bhutan Worry About its Public Debt?

    Winter Edition , Financing for Development Investment is key for high and sustainable growth. The Commission on Growth and Development1 concluded that high levels of investment (25 percent of GDP and above) are needed for strong and sustained growth.2 Investment requires financing from domestic and foreign savings. In Bhutan, investment as a...

    Fiscal Support for Cottage and Small Industries

    Winter Edition , Fiscal Incentives Bhutan, like all developing countries, offers fiscal incentive packages that reduce direct as well as indirect taxes in various forms of tax incentives and exemptions, like general exemptions and sector-specific exemptions, with the intention of attracting investors and fostering economic growth. Fiscal incentive means slashing taxes legally...

    Harnessing the Power of IT for Development and Nation-building

    Winter Edition , The so-called Industrial Revolution 4.0 has arrived and it is being driven by advances in technology, such as artificial intelligence, Internet of Things, blockchain, virtual reality, augmented reality, 3D printing, robots and drones. The trend shows that we will be able to create systems and robots which are as...

    The Entrepreneurship Culture

    Winter Edition , Defining Entrepreneurship Entrepreneurship is the act of being an entrepreneur, which is a French word meaning “to undertake”. Entrepreneurs find resources and apply innovation, finance and business acumen to transform innovation into economic goods. This may result in new organisations, or it may revitalise mature organisations to seize a...

    Doing Business Bhutan

    Winter Edition , Past — What and Why? Whilst 4,500km apart, from Tashichho Dzong in Thimphu to Parliament House in Singapore, the Land of Thunder Dragon and the Lion City are both small countries sandwiched between the geopolitical realities of large neighbours (one landlocked, one sea-locked; one known for prosperity, one for...

    How can Bhutan Become a Global Player in the Fourth Industrial Revolution?

    Winter Edition , Introduction The current rise of populism in many countries is a clear sign that many people are not happy with their lives. They want a better and happier life but successive governments have failed to meet their expectations. Will populist governments succeed to meet their expectations? Most likely not,...

    Bhutan’s Journey to Economic Transformation

    Winter Edition , Path of Economic Progress in Bhutan: Retrospection Our development philosophy has never considered economic growth as an end in itself, nor has it been viewed as a panacea for any ills that may threaten the holistic socio-economic progress of the country and well-being of its people. It is nevertheless...

    What is a GNH Economy?

    Winter Edition , A group of people found themselves at the intersection of many paths, deep in a valley named “Economy”. After a night spent in pursuit of delights other than the knowledge that derived from study, or the Enlightenment that may result from meditation, they looked around and saw many signs...

    Editorial: Are We Talking GNH and Doing GDP?

    Winter Edition , With the theme “Transforming the Bhutanese Economy” this issue of The Druk Journal will be a comprehensive analysis of Bhutan’s economic aspirations, policies, and realities. In the absence of adequate thinking and discourse in the formulation of our national economic vision we will take a macro economics perspective to...

    Some Impact of Democratic Politics in Bhutan

    Spring Edition , Democratic transition is usually a process of successive developments. Such was the case in Bhutan. Taking into account the context – the point from which it took off and the environment in which it took shape – where every initiative to modernise the country has emanated from the Kings....