One common opinion in the past about the impact of any global financial crisis or economic recession is that it will not impact Bhutan much given the closed nature of our economy, and how we are not a part of the global supply chain. This view even holds today among …

NEW HAVEN – I should have listened to Alan Greenspan – at least when it comes to currency forecasting. The former chair of the Federal Reserve once told me it was a fool’s game, with the odds of getting currency calls right worse than a successful bet on a coin …

In all the Tourism Bill and SDF debate we are missing the forest for the trees. If one takes a careful look, the tourism transformation or reforms are aimed at many multiple issues which we are facing, which will all get worse in the future if not handled now. While …

WASHINGTON, DC – Inflation has become a hot-button political issue worldwide. In the United States, the consumer price index increased at an annual rate of 8.6% in May, and EU inflation is not far behind. The root cause of the problem is that too much money is chasing too few goods. Consumers saved more than usual …

The National Council has reignited the Dzongkha debate by asking the Home Minister on why History and Geography cannot be taught in Dzongkha and the need for a National Language Act. The NC has done a lot of important national service through its various legislations and resolutions. However, this is …

MEXICO CITY – Despite the well-known problems with using gross domestic product as an indicator of human development, policymakers around the world still seem to be obsessed with it. Governments seek to promote GDP growth through all possible means, often regardless of the wider consequences for the planet and the distribution of …

The huge rush of young Bhutanese and even mid-career professionals to Australia has become a major talking point these days. A closer look at this will reveal some important issues in Bhutan and around the world. One of the obvious conclusions is that the youth in Bhutan do not see …

What comes across as a shock in the Phajo Nidup banking fraud case is the sheer lack of accountability be it at the Phuentsholing Thromde or the Banks themselves. It was this that allowed the Phajo to take double mortgages and effectively dupe people. It is shocking that in this …

Normally we are used to reading the big RAA or ACC reports on irregularities and corruption and following those cases. However, a closer look at the less glamorous RAA reports on various government agencies, Dzongkhags and projects really captures the level and extent of problem in our system. From these …