Bhutan

New Pathways to Growth

Price: 1195.00 INR

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ISBN:

9780199474011

Publication date:

09/01/2017

Hardback

512 pages

Price: 1195.00 INR

We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.

ISBN:

9780199474011

Publication date:

09/01/2017

Hardback

512 pages

Edited by Sabyasachi Mitra and Hoe Yun Jeong

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

Rights:  World Rights

Edited by Sabyasachi Mitra and Hoe Yun Jeong

Description

The Kingdom of Bhutan has gone through a remarkable socio-economic transformation over the past five decades. It has progressed from a traditional stage of economic development with limited production rooted in one primary sector, to achieving the preconditions for an economic take-off. However, Bhutan is still confronted with a number of development challenges, including a narrow economic base, limited private sector development, underdeveloped credit markets, and a build-up in economic inequality with significant youth unemployment.
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.

About the Editors

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.

Edited by Sabyasachi Mitra and Hoe Yun Jeong

Table of contents


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

Edited by Sabyasachi Mitra and Hoe Yun Jeong

Edited by Sabyasachi Mitra and Hoe Yun Jeong

Edited by Sabyasachi Mitra and Hoe Yun Jeong

Description

The Kingdom of Bhutan has gone through a remarkable socio-economic transformation over the past five decades. It has progressed from a traditional stage of economic development with limited production rooted in one primary sector, to achieving the preconditions for an economic take-off. However, Bhutan is still confronted with a number of development challenges, including a narrow economic base, limited private sector development, underdeveloped credit markets, and a build-up in economic inequality with significant youth unemployment.
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.

About the Editors

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.

Read More

Table of contents


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

Read More