• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A Buddhist monk standing in front of a temple in Bhutan, during the National Happiness Reassessment.

Bhutan Holds General Election Amid Economic Challenges and Calls for National Happiness Reassessment

01/07/2024
Supreme Court to Decide Future of Trump-Era Tariffs

Supreme Court to Decide Future of Trump-Era Tariffs

09/18/2025
Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

09/18/2025
Retail Sales Rise 0.6% in August Amid Ongoing Tariff Pressures

Retail Sales Rise 0.6% in August Amid Ongoing Tariff Pressures

09/18/2025
Trump’s UK Visit Highlights Trade Moves and Tariff Discussions

Trump’s UK Visit Highlights Trade Moves and Tariff Discussions

09/18/2025
What tariffs has Trump announced and why?

What tariffs has Trump announced and why?

09/18/2025
Hands holding a digital globe surrounded by global business icons. Goenvi Technologies. - Supply Chain News

Goenvi Technologies Nominated for the Go Global Awards 2025

09/18/2025
Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

09/17/2025
Sow Property Consult Limited: Driving Excellence in Transport and General Trading

Sow Property Consult Limited: Driving Excellence in Transport and General Trading

09/17/2025
Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

09/17/2025
B.Est Solutions Estonia Nominated for the Go Global Awards 2025

B.Est Solutions Estonia Nominated for the Go Global Awards 2025

09/17/2025
Emerge and Rise Nominated for the Go Global Awards 2025

Emerge and Rise Nominated for the Go Global Awards 2025

09/17/2025
CODERS Nominated for Go Global Awards 2025 in London

CODERS Nominated for Go Global Awards 2025 in London

09/17/2025
supplychainreport
Friday, September 19, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Bhutan Holds General Election Amid Economic Challenges and Calls for National Happiness Reassessment

by Richie
01/07/2024
in Economic Indicators, Global Trade, International Relations, Trade Policies

YOU MAY ALSO LIKE

Supreme Court to Decide Future of Trump-Era Tariffs

Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

Bhutan, the scenic Himalayan kingdom, is gearing up for a general election against a backdrop of serious economic challenges that prompt a reevaluation of its longstanding commitment to prioritizing “Gross National Happiness” over economic growth.

Scheduled for Tuesday, the election features two parties dedicated to a government philosophy that measures success by the “happiness and well-being of the people,” as enshrined in the constitution.

The key focus of the election revolves around the economic difficulties faced by the younger generation in Bhutan, characterized by chronic unemployment and a significant brain drain through migration abroad.

Amidst the picturesque landscapes, some voters are expected to trek for days to cast their ballots in this landlocked and sparsely populated nation, comparable in size to Switzerland.

Notably, Bhutan’s youth unemployment rate stands at 29 percent, and the country has experienced a notable emigration of its citizens in search of better financial and educational opportunities abroad, with Australia being the top destination.

Both political parties contesting the election acknowledge the critical issue of mass exodus. Pema Chewang of the Bhutan Tendrel Party (BTP) expressed concerns about losing the “cream of the nation,” while Tshering Tobgay, former prime minister and People’s Democratic Party (PDP) chief, raised alarms about “unprecedented economic challenges and mass exodus.”

The economic challenges facing Bhutan include a struggling tourism sector, which, despite being a small share of the economy, remains a crucial foreign currency earner. Tourism is yet to fully recover from the disruptions caused by the COVID-19 pandemic.

The previous government initiated diversification projects, such as a special economic zone on the Indian border and plans for a cryptocurrency-mining scheme. Both political parties have pledged increased investment in hydropower, the primary source of energy in Bhutan.

Despite the economic hurdles, Bhutan’s mountainous terrain and abundant water resources create favorable conditions for hydropower development and export to India, according to the World Bank.

The election is closely watched by neighboring countries, China and India, as they eye strategic contested border zones. The cooperation agreement between Bhutan and China in October added significance to the strategic dynamics in the region.

As Bhutan heads to the polls, the nation, with around 800,000 people, finds itself sandwiched between two of the world’s most populous countries, China and India, both observing the vote with strategic interest.

Bhutan, with its Buddhist-majority population, held its first elections in 2008 following political reforms that established a bicameral parliament. The campaigns in Bhutan are traditionally subdued, governed by strict rules on the posting of election materials on public notice boards.

Catch the latest supply chain news at The Supply Chain Report. Learn more about international trade at ADAMftd.com with free tools.

#BhutanElection #GrossNationalHappiness #YouthUnemployment #HydropowerDevelopment #EconomicChallenges #BrainDrain #TourismRecovery #BuddhistMajority #IndiaChinaRelations #PemaChewang #TsheringTobgay #BhutanTendrelParty #PeoplesDemocraticParty #StrategicInterest #BicameralParliament #COVID19Impact

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.