Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development
Bhutan has a strong track record of reducing poverty and boosting shared prosperity, primarilysupported by the state, which has played a large role in the country's development accomplishments.Growth has been driven mainly by the public...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/259671548449315325/Bhutan-Development-Report-A-Path-to-Inclusive-and-Sustainable-Development http://hdl.handle.net/10986/31236 |
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okr-10986-312362021-05-25T09:21:30Z Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development World Bank Group MACROECONOMIC POLICY FISCAL TRENDS PRIVATE SECTOR DEVELOPMENT HUMAN CAPITAL DIVERSIFICATION EXTREME POVERTY Bhutan has a strong track record of reducing poverty and boosting shared prosperity, primarilysupported by the state, which has played a large role in the country's development accomplishments.Growth has been driven mainly by the public sector through hydropower development. Statedominance is also reflected in the existence of a large number of state-owned enterprises (SOEs).However, the dependence on hydropower has resulted in a weak private sector and also createdmacroeconomic vulnerabilities. The high import content of hydropower construction widened theexternal imbalance and increased indebtedness. In addition, tax collection at 14 percent of grossdomestic product (GDP) in 2017/18 is low by international standards. The government has taken important steps to develop the nascent private sector through investments in infrastructure and improvements in the investment climate. It has also invested heavily in education and health. Despite these laudable investments, available jobs remain vacant, while educated youthremain unemployed. While hydropower will remain dominant in the foreseeable future, Bhutan'sdemographic transition requires more concerted efforts to develop the private sector. 2019-02-07T21:37:36Z 2019-02-07T21:37:36Z 2019-01 Report http://documents.worldbank.org/curated/en/259671548449315325/Bhutan-Development-Report-A-Path-to-Inclusive-and-Sustainable-Development http://hdl.handle.net/10986/31236 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Bhutan |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
MACROECONOMIC POLICY FISCAL TRENDS PRIVATE SECTOR DEVELOPMENT HUMAN CAPITAL DIVERSIFICATION EXTREME POVERTY |
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MACROECONOMIC POLICY FISCAL TRENDS PRIVATE SECTOR DEVELOPMENT HUMAN CAPITAL DIVERSIFICATION EXTREME POVERTY World Bank Group Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development |
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South Asia Bhutan |
| description |
Bhutan has a strong track record of
reducing poverty and boosting shared prosperity,
primarilysupported by the state, which has played a large
role in the country's development
accomplishments.Growth has been driven mainly by the public
sector through hydropower development. Statedominance is
also reflected in the existence of a large number of
state-owned enterprises (SOEs).However, the dependence on
hydropower has resulted in a weak private sector and also
createdmacroeconomic vulnerabilities. The high import
content of hydropower construction widened theexternal
imbalance and increased indebtedness. In addition, tax
collection at 14 percent of grossdomestic product (GDP) in
2017/18 is low by international standards. The government
has taken important steps to develop the nascent private
sector through investments in infrastructure and
improvements in the investment climate. It has also invested
heavily in education and health. Despite these laudable
investments, available jobs remain vacant, while educated
youthremain unemployed. While hydropower will remain
dominant in the foreseeable future, Bhutan'sdemographic
transition requires more concerted efforts to develop the
private sector. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development |
| title_short |
Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development |
| title_full |
Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development |
| title_fullStr |
Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development |
| title_full_unstemmed |
Bhutan Development Report, January 2019 : A Path to Inclusive and Sustainable Development |
| title_sort |
bhutan development report, january 2019 : a path to inclusive and sustainable development |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/259671548449315325/Bhutan-Development-Report-A-Path-to-Inclusive-and-Sustainable-Development http://hdl.handle.net/10986/31236 |
| _version_ |
1764473859410493440 |