Tag Archives: GDP

Jo Stiglitz and UN-DESA say USD reserve management and government deposits in banks exacerbated rupee crisis

The Nobel laureate said that Bhutan’s USD reserves is too high with low yields creating more debt through rupee borrowings and that government deposits in financial institutions fuels credit growth Noble laureate Professor Joseph Stiglitz pointed out weaknesses in Bhutan’s monetary (banking and financial regulation) and fiscal (government expenditure and …

Read More »

The greatest resource of all is still the human brain

Every so often someone asks me: “What’s your favorite country, other than your own?” I›ve always had the same answer: Taiwan.   “Taiwan? Why Taiwan?” people ask.Very simple: Because Taiwan is a barren rock in a typhoon-laden sea with no natural resources to live off of — it even has …

Read More »