04 Dec Economists appraise Bhutan’s Happiness Model
In the thick of a global financial crisis, many economists have come to this Himalayan kingdom to study a unique economic policy called Gross National Happiness, based on Buddhist principles.
When considering economic development, policymakers here take into account respect for all living things, nature, community participation and the need for balance between work, sleep and reflection or meditation.
“Happiness is very serious business,” Bhutan Prime Minister Jigme Thinley said. “The dogma of limitless productivity and growth in a finite world is unsustainable and unfair for future generations.”
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