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Bhutan Development Report, January 2019: A Path to Inclusive and Sustainable Development

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2019-02-07T21:37:36Z
dc.date.available2019-02-07T21:37:36Z
dc.date.issued2019-01
dc.description.abstractBhutan 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/259671548449315325/Bhutan-Development-Report-A-Path-to-Inclusive-and-Sustainable-Development
dc.identifier.doi10.1596/31236
dc.identifier.urihttps://hdl.handle.net/10986/31236
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.subjectMACROECONOMIC POLICY
dc.subjectFISCAL TRENDS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectHUMAN CAPITAL
dc.subjectDIVERSIFICATION
dc.subjectEXTREME POVERTY
dc.titleBhutan Development Report, January 2019en
dc.title.subtitleA Path to Inclusive and Sustainable Developmenten
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleBhutan Development Report, January 2019
okr.date.disclosure2019-01-25
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/259671548449315325/Bhutan-Development-Report-A-Path-to-Inclusive-and-Sustainable-Development
okr.guid259671548449315325
okr.identifier.doi10.1596/31236
okr.identifier.externaldocumentum090224b0868cf171_1_0
okr.identifier.internaldocumentum30787074
okr.identifier.report134060
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/259671548449315325/pdf/134060-WP-PUBLIC-25-1-2019-13-34-54-BDRJanuary.pdfen
okr.region.administrativeSouth Asia
okr.region.countryBhutan
okr.topicEducation::Education For All
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicPoverty Reduction::Inequality
okr.topicPrivate Sector Development::Enterprise Development & Reform
okr.unitMacroeconomics, Trade and Investment Global Practice
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