This book chronicles Bhutan's development story and discusses a range of policies that can unlock the country's economic potential and overcome its limitations. It consolidates a body of knowledge accumulated by the Asian Development Bank while working with the Royal Government of Bhutan on monitoring and strengthening its macroeconomic management framework, and through support to development activities throughout the country.
This book chronicles Bhutan's development story and discusses a range of policies that can unlock the country's economic potential and overcome its limitations. It consolidates a body of knowledge accumulated by the Asian Development Bank while working with the Royal Government of Bhutan on monitoring and strengthening its macroeconomic management framework, and through support to development activities throughout the country.
Sabyasachi Mitra is the Deputy Representative at the Asian Development Bank, European Representative Office, Frankfurt, Germany. Hoe Yun Jeong is a Senior Economist in the Regional Cooperation and Operations Coordination Division of South Asia Department at the Asian Development Bank.
Inhaltsangabe
* List of Tables, Figures, and Boxes * Foreword by Dasho Tshering Tobgay * Acknowledgements * List of Abbreviations * Introduction * Sabyasachi Mitra and Hoe Yun Jeong * 1. Bhutan's Macroeconomic Challenges Joshua E. Greene * 2. Vulnerability and Resilience: A Conceptual Framework for Bhutan Patrick Guillaumont * 3. The Experience of Gross National Happiness as a Development Framework Karma Ura * 4. Unlocking Bhutan's Potential: Measuring Potential Output for the Nation Sabyasachi Mitra, Sarah Carrington, and Anthony Baluga * 5. Bhutan's Rupee Crisis: Macroeconomic Causes and Cures Karma Ura * 6. Monetary Policy Framework for the Royal Government of Bhutan Hwee Kwan Chow * 7. Bhutan's Consumer Price Inflation and Price Transmission from India Sabyasachi Mitra, Anthony Baluga, and Elbe Aguba * 8. A Framework of Trade Policy for Bhutan Compatible with the Gross National Happiness Inkyo Cheong, Taeho Bark, and Hoe Yun Jeong * 9. Electricity Consumption, Output, and Trade in Bhutan Hooi Hooi Lean and Russell Smyth * 10. Banking in Bhutan: An Assessment of Financial Sector Development Rebel A. Cole and Sarah Carrington * Index * About the Editors and Contributors
* List of Tables, Figures, and Boxes * Foreword by Dasho Tshering Tobgay * Acknowledgements * List of Abbreviations * Introduction * Sabyasachi Mitra and Hoe Yun Jeong * 1. Bhutan's Macroeconomic Challenges Joshua E. Greene * 2. Vulnerability and Resilience: A Conceptual Framework for Bhutan Patrick Guillaumont * 3. The Experience of Gross National Happiness as a Development Framework Karma Ura * 4. Unlocking Bhutan's Potential: Measuring Potential Output for the Nation Sabyasachi Mitra, Sarah Carrington, and Anthony Baluga * 5. Bhutan's Rupee Crisis: Macroeconomic Causes and Cures Karma Ura * 6. Monetary Policy Framework for the Royal Government of Bhutan Hwee Kwan Chow * 7. Bhutan's Consumer Price Inflation and Price Transmission from India Sabyasachi Mitra, Anthony Baluga, and Elbe Aguba * 8. A Framework of Trade Policy for Bhutan Compatible with the Gross National Happiness Inkyo Cheong, Taeho Bark, and Hoe Yun Jeong * 9. Electricity Consumption, Output, and Trade in Bhutan Hooi Hooi Lean and Russell Smyth * 10. Banking in Bhutan: An Assessment of Financial Sector Development Rebel A. Cole and Sarah Carrington * Index * About the Editors and Contributors
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