Bhutan's governing philosophy of "Gross National Happiness" has been heralded the world over for balancing economic growth with the well-being of its citizens.
But recent discussions of "Gross National Happiness 2.0" by its newly elected Prime Minister Tshering Tobgay suggest that change on some level is underway as the country struggles with an economic crisis that's left it — as Tobgay has said— "teetering on the brink of collapse."
But with youth unemployment rates of nearly 30% and about one in eight people living in poverty, has Bhutan reached a point where its quest for national happiness must change?
Seen from the successes of the social progress area, we have failed economically."
But seen from the successes of the social progress area, we have failed economically."
Persons:
Tshering Tobgay, Tobgay, Jigme Singye Wangchuck, we've, We've
Organizations:
CNBC
Locations:
Bhutan, Asia