IPD AI Insights

Bhutan’s Journey Towards a Knowledge Economy

At the Bhutan Innovation Forum (BIF) in Paro, Nobel laureate Joseph Stiglitz highlighted Bhutan’s remarkable socio-economic advancements over the past 75 years, including a 15-fold increase in GDP and a threefold growth in population.
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Overview

Stiglitz, a renowned economist and professor at Columbia University, underscored the importance of education and English proficiency in integrating Bhutan into the global economy.

Stiglitz addressed several challenges Bhutan faces, particularly in retaining skilled youth and enhancing private sector involvement in job creation. He emphasized the need for careful management of special economic zones to avoid pitfalls like tax arbitrage. His discussion also encompassed the critical balance between economic growth and environmental sustainability, as well as the importance of lifelong learning and adapting to climate change.

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