Publication:
Bhutan Development Update, April 2021

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-04-27T13:21:50Z
dc.date.available2021-04-27T13:21:50Z
dc.date.issued2021-04-21
dc.description.abstractAlthough Bhutan has made progress in recent years, notably by initiating the development of a domestic e-commerce ecosystem, gaps still remain. The Royal Government of Bhutan (RGoB) has prioritized information and communications technology (ICT) development to promote the vision of ‘an ICT-enabled, knowledge society as a foundation for Gross National Happiness.’ Initiatives, such as the Digital DrukYul flagship program, the guidelines on e-commerce and the e-commerce Policy Framework, aim to increase Bhutan’s digitalization and participation in e-commerce. Yet, constraints in the e-trade environment, such as limited Internet connectivity, high costs of payment transactions, an incomplete regulatory infrastructure, and high trade facilitation and logistics costs, still hold Bhutan back, resulting in low levels of e-trade participation at present. The special focus section assesses the main regulatory and trade facilitation priorities for digital trade in Bhutan and makes concrete proposals to develop the country’s e-trade framework. The development of Bhutan’s digital economy and e-trade is contingent on a number of complementary factors including reliable Internet connectivity, mobile and computer penetration, digital literacy, availability of efficient logistical and payment systems, and relevant infrastructure to facilitate those factors. E-trade in goods and services also requires supporting policies in areas such as data protection, cyber security, consumer protection, competition law and the recognition of e-signatures and electronic transactions, which are the basic building blocks of all business online.en
dc.identifierhttp://documents.worldbank.org/curated/en/775561619508206861/Bhutan-Development-Update-Special-Topic-Ramping-up-e-trade
dc.identifier.doi10.1596/35510
dc.identifier.urihttps://hdl.handle.net/10986/35510
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectMONETARY POLICY
dc.subjectFISCAL TRENDS
dc.subjectEXTERNAL SECTOR
dc.subjectDEBT SERVICE BURDEN
dc.subjectDEBT SUSTAINABILITY
dc.subjectECONOMIC OUTLOOK
dc.subjectRISKS
dc.subjectE-TRADE
dc.subjectTRADE POLICY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectTRADE REGULATION
dc.titleBhutan Development Update, April 2021en
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleBhutan Development Update, April 2021
okr.date.disclosure2021-04-27
okr.date.doiregistration2025-05-07T09:07:09.322893Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/775561619508206861/Bhutan-Development-Update-Special-Topic-Ramping-up-e-trade
okr.guid775561619508206861
okr.identifier.externaldocumentum090224b0885704ae_2_0
okr.identifier.internaldocumentum33027775
okr.identifier.report158573
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/775561619508206861/pdf/Bhutan-Development-Update-Special-Topic-Ramping-up-e-trade.pdfen
okr.region.administrativeSouth Asia
okr.region.countryBhutan
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::Trade Facilitation
okr.topicInternational Economics and Trade::Trade Policy
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.unitMacroeconomics, Trade and Investment Global Practice
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