The Overhyped Economy of Bhutan

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Economics Explained

Economics Explained

6 ай бұрын

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Most countries really want to bring in tourists for the big infusion of money into the local economy. But Bhutan makes it incredibly expensive to visit, and bans all visitors from climbing the parts of the Himalayan mountains that are within their borders. Why? Do they just want to protect their culture from tourists (with the hotels, photo spots and trouble that comes with them)?
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@harisadu8998
@harisadu8998
The truth is that the Bhutanese youth are no longer satisfied by being the happiest country. They actually now want to make money.
@prameyprabhudesai864
@prameyprabhudesai864
One thing you have missed out. Bhutan’ over 50% government budget is financed by India as a grant and NOT a loan.
@tenzo_san
@tenzo_san
The fact that Bhutan has small economy and still offers free education and free healthcare to all citizens is something to be proud of.
@chris7263
@chris7263
I don't want to romanticize rural poverty, but it does seem like being poor in a beautiful environment with clean water and air and a stable, tight knit community is not quite the same thing as being poor in an ugly, polluted slum with high social fragmentation and crime. Both are still poor, but if you're going to be poor anyway...
@rileymiller7786
@rileymiller7786
I live in Western Australia and I have worked with many Bhutan workers at a laundry linen factory that supplied the hospital linen around our state. The workplace treatment and conditions have deteriorated over the last couple of years and are now very poor so many Aussies have ended up leaving, and more and more new Bhutan workers have kept coming on working and student visas to take their place. They are very hard working, polite, kind, gentle but also a timid and overall more introverted group who you can see are uneducated and so unfortunately are taken advantage of at this factory (I have just only left myself). I became friends with many of them and they become a lot more talkative once you established trust. They come here to work and make a living because all the money is here compared to their country. Still, they all love their king and country (to the point of being kinda weird) and hold very traditional, simplistic views. Oh and their generosity… they are the most generous people, especially with their food that I have ever witnessed. Overall they are a beautiful people but they certainly lack the extroversion and ability to speak up for oneself and create a splash and climbing the hierarchy compared to our Aussie culture. But I understand that because they are here on visas they are more vulnerable, particularly at our workplace
@kevincronk7981
@kevincronk7981
Bhutan is weird in a lot of ways. He mentioned that they only officially became a democracy in 2008 with the king still keeping a lot of powers, that was because the king wanted the country to be a democracy. The people want him to stay in power. Not many other countries have a leader who wants to get rid of their own power and a people who want that leader to keep it.
@Thuksey
@Thuksey
Who overhyped?
@nilnil8411
@nilnil8411
Point to be noted. Indians don't need to pay the exhorbitant amount of government fees to stay in Bhutan. Typically is much lower like around $15. Also India and Bhutan are really good friends with great diplomatic/cultural ties. Bhutan is breaktakingly beautiful with it's peaceful & serene landscape
@Sunflowersarepretty
@Sunflowersarepretty
Bhutan is a unique country. I don't think I'd ever be able to visit it but I actually like that they want to preserve their country's natural landscapes and culture. They're not materialistic and want to live a simple life. Although I don't know how they measure happiness but not chasing after money or selling your soul in pursuit of it or living anywhere away from polluted cities could make someone like me content.
@mariaann5705
@mariaann5705
You said "poverty" but you failed to talk about and actual metrics apart from money. 1$ in Bhutan gets your a lot more than it would in the USA. Talk about life expectancy, healthcare, education rates etc if you want to give people a more holistic idea of what's going on. I've visited Bhutan and you don't see the kind of poverty you see in parts of India and Africa, what you do see if kind people living a simpler life than what you are used to
@KLondike5
@KLondike5
I was obsessed with Bhutan as a kid in the mid-80s because of their weird and unique postage stamps. They had to be purely for decoration or for sale because they had to be expensive to produce. Lots of embossing & 3D lenticular.
@hc1897
@hc1897
I have been to Bhutan. It is a beautiful country and the people are lovely. It is a mountainous country but at the time I went (a few years ago) the roads were bad. I understand that they couldn’t build their own highways so India helped them. Sadly it seemed to me that that was a very slow and not very good job (nothing against India, I don’t know anything about the background). There was only one major road and no flights or railway linking the eastern part with the western part of the country. I came back feeling a little underwhelmed - the Bhutanese are a peaceful contented people, but the western hype about happiness is, to be honest, just another kind of manipulation. There is simply no such thing as paradise on earth, in my view.
@dorianodet8064
@dorianodet8064
I mean, when you started a video with : "Bhutan geographical position mean its economy will never take up", it kind of make sense to focus on maintaining quality of life as much as possible.
@jabloko992
@jabloko992
So essentially, Bhutan is the equivalent on a country level of the guy who wants to live off-grid, yet achieved this off-grid status by first relentlessly mining "the grid" for so much wealth that they can ignore it later in their lives.
@PrashanthB-bi7lc
@PrashanthB-bi7lc
When in comes to tourism in Bhutan, Indians, Maldivians and Bangladeshis are exempt from many of the rules.
@prateekojha7717
@prateekojha7717
My dream for Bhutan will be to develop without compromising on their values. We need a country like Bhutan in this world.
@berlin2047
@berlin2047
What he did not mention is Bhutan might be closed off to the rest of the world, but it is VERY open to India in all sectors. Indians are not required to pay to $200 a day tourism fee, so Bhutan gets thousands of Indian tourists each year. Also India manages a lot of internal ministries for Bhutan which include defence and foreign affairs. It is a sovereign country on paper, it is highly dependent on India for survival. China would have gobbled up Bhutan long ago had it not been for India, as was evident from the Doklam clashes.
@ThizOne
@ThizOne
As an Icelandic person, I wish that we would take up a lot of these ideas/regulations from Bhutan.
@markscarupa6201
@markscarupa6201
I have spent time in Bhutan. The prices of lodging quoted in the video are over ten times more than what I paid. While the daily $200 surcharge is steep, once there, food and lodging were inexpensive.
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