ECONOMYNEXT – For decades, the small Kingdom of Bhutan, has carefully controlled its exposure to the more materialistic lifestyles adopted elsewhere in the world.  It’s concept of Gross National Happiness (GNH) taking precedence over Gross Domestic Product (GDP), as envisioned by that nation’s 4th King, Jigme Singye Wangchuck has won Bhutan the status of being the only carbon neutral country in the world.  It also fares pretty well on the world happiness index.

Nestled in the foothills of the Himalayas, this Kingdom of less than 800,000 people, has styled its GHN along the four pillars of good governance, sustainable and equitable socioeconomic development, environment conservation and preservation and promotion of culture based on the country’s Buddhist heritage.  The Kingdom seeks to apply a holistic approach to development and progress as a nation, striking a balance between the economic and…

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