Government-ownedand- controlled corporations were initially created as solutions to market imperfections. It is ironic therefore, that in recent years, they have come to be seen as problems that need to be fixed. With the tight fiscal situation of the government, reforming the country’s...

Budget speech by the Finance Minister of Bhutan. [Budget Speech]. URL:[http://www.mof.gov.bt/downloads/Budgetreport2012.pdf].

The budget offers no programme for job creation or any substantive policy measures to contain inflation that continues to erode the real wage while it commits itself to cash transfers and cuts in subsidies all of which will contribute to further worsening the economic condition of the working...

Inadequate infrastructure was recognized in the Eleventh Plan as a major constraint for rapid growth. The Plan had, therefore, emphasized on the need for massive expansion on investment in infrastructure based on a combination of public and private investment, the latter through various forms of...