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Booming Bhutan

Booming Bhutan | Geography Education | Scoop.it
Long impoverished and isolated, tiny Bhutan is finally booming. This onetime absolute monarchy has also made important democratic reforms and major improvements in quality of life.
Seth Dixon's insight:

Located on the southern edge of the Himalayas, Bhutan's rugged topography is key to it's economic strategy to modernize this lightly populated, less developed mountain kingdom.  Bhutan is harnessing hydroelectric energy and selling it to India, which accounts for 20% of the GDP. Today Bhutan is one the five fastest growing economies in the world.  However, the economic developed is highly uneven; 40% of the population is still engaged in subsistence farming on the limited arable land showing that there are still substantial development issues ahead.

 

Tags: South Asia, development, economic, rural, Bhutan.

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Tracy Galvin's curator insight, May 1, 2014 2:31 PM

Bhutan has made some money selling hydropower to India and they plan to use that money to build more hydropower plants to increase their wealth. The country is also emphasizing happiness of its citizens over material wealth. All of these things will continue to provide growth and opportunity to Bhutan and its citizens.

Sarah Ann Glesenkamp's curator insight, November 2, 2014 2:32 PM

Culture

Jason Schneider's curator insight, March 28, 3:13 PM

Bhutan should consider themselves lucky that their country is located between China and India, two of the most powerful economic countries of the world. Without China and India, Bhutan's economy would be extremely poor because of it's size but because India agreed to assist Bhutan with grants, Bhutan has a successful economy. It's not one of the strongest but it's gratefully acceptable. Also, because manufacturing spread throughout southeast Asia, Bhutan is credited for manufacturing goods and manufacturing companies which helps build its economy.

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Curated by Seth Dixon