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Bhutan’s Dependence on Foreign Economies

Author

Listed:
  • Yan Andreevich RYAZANOV

    (Lomonosov Moscow State University, Moscow, Russia)

Abstract

During the global crises, Bhutan experienced a decline in foreign exchange earnings from the tourism sector, a shortage of labor due to the outflow of foreign workers, and rising prices due to disruptions in the supply of imported goods and services. It hit the country’s economy hard. The article is devoted to Bhutan’s foreign trade dependence. The author highlights its general trends, features, negative effects, causes and the major trade partners. The author attempts to analyze Bhutan’s foreign trade dependence in the provision of financial assistance and loans, attracting FDI, the labor market, trade and tourism.

Suggested Citation

  • Yan Andreevich RYAZANOV, 2022. "Bhutan’s Dependence on Foreign Economies," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 8, pages 119-132, August.
    • Handle: RePEc:alq:rufejo:rfej_2022_08_119-132
    DOI: 10.24412/2072-8042-2022-8-119-132
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