Prime Minister-elect Tshering Tobgay wrote on X “Bhutan is open for business,” , after the people of the tiny Himalayan kingdom returned him to power in parliamentary elections this month.
Analysts say Tobgay’s two-thirds majority win indicates the 800,000 people of Bhutan are pinning their hopes on an experienced hand to rebuild the economy, reverse an ongoing migration crisis, and strengthen ties with the landlocked nation’s two neighbors, India and Tibet, amidst ongoing border negotiations with China.
The victory by Harvard-educated conservation advocate Tobgay, 58 – who served as Bhutan’s second democratically elected prime minister between 2013 and 2018 – comes as the country faces “unprecedented challenges” that are prompting it to tailor its famed “Gross National Happiness”(GNH) policy to one that takes into account its economic needs.
Tobgay’s People’s Democratic Party (PDP) – which promised to leverage GNH in its efforts to turn Bhutan into a developed nation – won 30 of the 47 National Assembly seats, while its rival Bhutan Tendrel Party (BTP) won the remaining 17 seats in Bhutan’s fourth general elections since its 2008 transition from an from an absolute to a constitutional monarchy, with a bicameral elected parliament.
Bhutan’s GNH index was first conceptualized in 1972 by the King Jigme Singye Wangchuk as a “holistic approach” to sustainable development and a more important measure of growth than gross domestic product. Since then, the country’s leaders have promoted the model — which emphasizes good governance, sustainable development, cultural preservation and promotion, and environmental conservation — widely regarded as Bhutan’s soft power export to the world.
However, concerns about the economy and record high youth unemployment levels of 28.6%, which have forced young Bhutanese to emigrate in large numbers for better job opportunities, have weighed on this election, with both parties citing economic growth as a key priority.
The PDP has said it believes that “GNH should continue to be the springboard to enhance peace, prosperity, and happiness for all Bhutanese in our collective journey to become a developed nation.”
“The PDP has the experience of having worked as the opposition in the first democratic government and as the ruling party in the second. So, it has exposure to different aspects of governance,” said Dasho Kunzang Wangdi, Bhutan’s former chief election commissioner, who set up and ran the country’s first democratic elections in 2008.
“We are hopeful their efforts will be geared towards not only reviving but also giving an added fillip to economic growth and balancing that with the need to ensure the general well-being of the people of Bhutan,” he added.
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