World Bank2013-03-242013-03-242010-09https://hdl.handle.net/10986/12872The objective of the Bhutan Investment Climate Assessment (ICA) is to evaluate the investment climate in Bhutan in all its operational dimensions and promote policies to strengthen the private sector. This ICA consists of two volumes. Volume 1 summarizes the main results. Volume 2 presents a more detailed analysis of each of the three main themes of the report: labor productivity and skills, access to finance, and business government relations, and is supplemented by a chapter on the gender dimensions of the investment climate. Volume 2 also includes the supporting econometric analysis of the enterprise survey data. The purpose of Volume 2 is to provide additional detail on the underlying data and analysis which supports the main results summarized in Volume 1. In Volume 2, Chapter 1 sets the Bhutanese context and background, explains what's new in the second Bhutan Investment Climate Assessment, and presents the overall findings of the 2010 report. Chapter 2 reviews the characteristics of the investment climate in Bhutan, including the macroeconomic perspective. Chapter 3 discusses labor productivity and skills and the importance of focusing on high value added niche industries. Chapter 4 reviews access to finance as a primary constraint to firms in Bhutan and discusses an apparent access to finance paradox. Chapter 5 reviews the business government enabling environment in Bhutan and the importance of licensing reform. Chapter 6 discusses the gender dimension of the investment climate in Bhutan.en-USCC BY 3.0 IGOACCESS TO FINANCEAGE GROUPSATTRITIONBALANCE OF PAYMENTSBANDWIDTHBUSINESS CONTINUITYBUSINESS ENABLINGBUSINESS ENABLING ENVIRONMENTBUSINESS ENVIRONMENTBUSINESS LOANBUSINESS OPPORTUNITIESBUSINESS PROCESSBUSINESS REGISTRATIONBUSINESS RELATIONSBUSINESS SECTORSCAPITAL EXPENDITURESCASH RESERVECHAMBER OF COMMERCECOLLATERALCOMMERCIAL BANKSCOMMUNICATION INFRASTRUCTURECOMMUNICATIONS INFRASTRUCTURECOMMUNICATIONS TECHNOLOGIESCOMMUNICATIONS TECHNOLOGYCOMPARATIVE ADVANTAGECOMPETITIVENESSCONNECTIVITYCOPYRIGHTCORPORATE GOVERNANCECORRUPTIONCPICREATING JOBSCREDIT INFORMATIONCREDIT INFORMATION BUREAUCUSTOMSCUSTOMS CLEARANCEDATA ANALYSISDEBTDELIVERY SYSTEMSDEPOSITDEVELOPED COUNTRIESDEVELOPMENT FINANCEDIVERSIFICATIONDIVIDENDSE-MAILECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC CRISISECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC VOLATILITYELECTRICITYELECTRICITY GENERATIONELECTRONIC PAYMENTEMPLOYABILITYEMPLOYEEEMPLOYER-EMPLOYEE RELATIONSHIPEMPLOYMENT GENERATIONEMPLOYMENT GROWTHEMPLOYMENT OPPORTUNITIESENABLING ENVIRONMENTENTERPRISE DEVELOPMENTENTERPRISE SURVEYENTERPRISE SURVEYSENVIRONMENTALEQUILIBRIUMEXCHANGE RATEEXPENDITURESEXPORT BASEFINANCIAL INSTITUTIONSFINANCIAL SERVICEFINANCIAL SERVICESFIRM LEVELFIRM SIZEFIXED ASSETSFOREIGN DIRECT INVESTMENTFOREIGN INVESTMENTFOREIGN LABORFOREIGN TRADEFOREIGN WORKERSFORESTRYFORM OF COLLATERALSG2CGENDERGENDER INDICATORSGOVERNMENT EXPENDITUREGOVERNMENT REGULATIONSGOVERNMENT REVENUEGOVERNMENT-TO-CITIZENSGROWTH PATHHIGH UNEMPLOYMENTHUMAN CAPITALHUMAN RESOURCEHUMAN RESOURCE DEVELOPMENTHUMAN RESOURCESICTIMAGEINDUSTRIAL STRUCTUREINFORMAL SECTORINFORMATION TECHNOLOGYINNOVATIONINSTITUTIONAL FRAMEWORKINTELLECTUAL PROPERTYINTEREST RATESINTERNATIONAL BANKINTERNATIONAL COMPARISONSINTERNATIONAL FINANCEINTERNATIONAL MARKETSJOB CREATIONJOINT VENTURELABOR COSTLABOR COSTSLABOR FORCELABOR MARKETLABOR MARKETSLABOR PRODUCTIVITYLABOR REGULATIONSLABOR RELATIONSLABOR SHORTAGESLABOR TURNOVERLABOURLEGAL FRAMEWORKLICENSELICENSESLOANLOAN AMOUNTLOGGINGMALE COUNTERPARTSMANAGEMENT SYSTEMMANUFACTURINGMARKET CONSTRAINTSMATERIALMEDIUM ENTERPRISEMINIMUM WAGESMONETARY AUTHORITYNATURAL RESOURCENATURAL RESOURCESNEW MARKETSNICHE MARKETOPEN ACCESSOPERATIONAL EFFICIENCYOUTREACHOUTSOURCINGPDFPERFORMANCE INDICATORSPHOTOPOLICY DECISIONSPOLICY FRAMEWORKPRIVATE CREDITPRIVATE ENTERPRISESPRIVATE FIRMSPRIVATE PARTNERSHIPPRIVATE SECTORPRIVATE SECTOR DEVELOPMENTPRIVATE SECTOR FIRMSPRIVATE SECTOR PARTICIPATIONPRIVATE SECTORSPRODUCTIVE EMPLOYMENTPRODUCTIVITY GAINSPRODUCTIVITY LEVELSPUBLIC SECTOR EMPLOYMENTPUBLIC SECTOR INSTITUTIONSPUBLIC SERVICEQUERIESREGULATORY ENVIRONMENTREGULATORY FRAMEWORKRELIABILITYRESOURCE ALLOCATIONRESULTRESULTSRETAIL TRADERISING UNEMPLOYMENTSALES GROWTHSAVINGSSAVINGS ACCOUNTSERVICE SECTORSILICONSKILL SHORTAGESSKILLED WORKERSSKILLED WORKFORCESMALL BUSINESSESSOCIAL SERVICESSUSTAINABLE DEVELOPMENTTARGETSTAX RATESTECHNOLOGY TRANSFERTECHNOLOGY TRANSFERSTELECOMTELECOMMUNICATIONSTELECOMMUNICATIONS NETWORKTELEPHONETELEPHONE CONNECTIONTOTAL FACTOR PRODUCTIVITYTOTAL LABOR FORCETRADE FACILITATIONTRAINED WORKERSTRAINING FIRMSTRANSPORTATION CONSTRAINTSTURNOVER RATESUNEMPLOYMENTUNEMPLOYMENT PROBLEMUNEMPLOYMENT RATEUNEMPLOYMENT RATESUNSKILLED LABORUNSKILLED WORKERSUSAGE LEVELSUSERSUSESVOCATIONAL EDUCATIONVOCATIONAL TRAININGWAGE GAPWAGESWOMEN IN BUSINESSWORKERWORKERSWORKFORCE SKILLSWORKING CAPITALWORKING CONDITIONSYOUTH UNEMPLOYMENTWorld Bank10.1596/12872