The Kingdom of Bhutan over the past five decades has gone through a remarkable
socioeconomic transformation. It has progressed from a traditional stage of
economic development, with limited production rooted in the primary sector, to
achieving the pre-conditions for an economic takeoff. 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
buildup in economic inequality with significant youth unemployment. This book
chronicles Bhutan's development story, discussing a range of politics than can
unlock the country's economic potential and overcome its limitations. It
consolidates a body of knowledge accumulated by the Asian Development