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International Business Bhutan.ppt

  1. Bhutan
  2. History 1 Culture 2 Economy 3 Decision Making 4
  3. History of Bhutan History of Bhutan Bhutan, country of south-central Asia, located on the eastern ridges of the Himalayas. It was 1616 that "Zhabdrung Ngawang Namgyel" embarked on his historic journey from Tibet to bhutan. Historically, Bhutan was known by many names, such as 1. Southern Land of Darkness. 2. Southern Land of the Sandalwood. 3. Southern Land of Medicinal Herbs.
  4.  Language and Religion And Population Bhutan is a multilingual county where approximately 20 languages are commonly spoken. They speak a variety of Tibeto-Burman languages, and the most common of these, Dzongkha, is Bhutan’s official language; the written language is identical with Tibetan. The current population of Bhutan is 791,121 in 2022. History of Bhutan Buddhist 74% Hindu 25% Christian 1% The chart of religion in 2019
  5.  National Identity Bhutan's national identity is intimately bound up with its religious identity as a Buddhist nation. Buddhism influences both the daily lives of its people as well as the government, in which Buddhist religious leaders have considerable power.  Bhutanese Literature In Bhutan, the primary focus has been on oral literature, as compared to written literature. For years, Bhutanese pass on their knowledge of religion, academics and culture to the younger generation through an oral medium. History of Bhutan
  6.  Birth and death in Bhutan It is one of the very few countries in the world which does not discriminate between a boy and girl. However, no outsider is allowed to enter the house for 3 days after a baby is born. Death of a person means passing on one life to another, re-birth. Prayer flags are erected in the memory of the departed person and the relatives and neighbours come to attend the funeral and other rituals with simple eatables and souvenirs. History of Bhutan
  7. Culture of Bhutan Bhutan is a land of rich mosaic of cultures, lifestyles, languages and belief systems. The predominant religion in Bhutan is Buddhism, following by Hindusim as a result Bhutanese culture is very much influenced by scared Baddist values.
  8. In Bhutan there are various types of culture –  Symbolism  Food  Art and Architecture  Standard Living of Bhutan  New Year – Losar  Division of Labor  The Relative Status of Women and Men  Division of Labor by Gender  Superstitious by nature  Secular Celebrations Culture of Bhutan
  9. In Bhutan there are various types of culture –  Symbolism The double diamond thunderbolt represents the harmony between secular and religious power. The lotus symbolises purity; the jewel sovereign power; and the two dragons, male and female, stand for the name of the country.  Food Ema Datshi is the national dish of Bhutan. It is eaten throughout the country and in almost every meal.  Art and Architecture The Bhutanese tradition maintains that making images of deities is a pious act leading to salvation. In its evolution and development, therefore, Bhutanese art, like early Indian and Tibetao art, is in the nature of 'Sadhana'. Culture of Bhutan
  10. In Bhutan there are various types of culture –  Standard Living of Bhutan The standard of living in Bhutan is quite high, and many people live in comfortable conditions. There is a strong sense of community and cooperation, and people are generally very happy with their lives.  New Year – Losar The Bhutanese New Year, called 'Losar', usually falls in February, when Lord Buddha is believed to have overcome the forces of evil. As with Tibetan, the 'Losar' is considered very auspicious. It is believed that if there is a snow-fall during 'Losar', the enrire year will be good for the country.  Division of Labor by Gender Men and women usually work side by side in the field. Women fill most of the nursing and teaching positions. Culture of Bhutan
  11. Economic Environment Economic environment responds to  Technology  Trade  Competition  Consumer attitudes  Cross-border relationships.
  12. Agriculture Forestry Hydropower Tourism Bhutan is among the richest by gross domestic product (nominal) per capita in South Asia, at 3,491$ as of 2022. The total gross domestic product is only 2,653$ million and 178th according to IMF. But it still places 153rd, and among the poorest in the world.
  13. Exports Bhutan mostly exports electricity to India (around 50 percent of total exports). Other exports include metals, chemical products, food, wood and rubber. Bhutan's main exports partner is India, accounting for around 97 percent of total exports.
  14. Imports Bhutan mainly imports oil and fuels, base metals, machinery and electrical appliances, vehicles, wood and food. Bhutan's main imports partner is India, accounting for around 80 percent of total imports. Other imports partners include South Korea, Thailand, Singapore, Japan, China and Nepal.
  15. GDP of Bhutan
  16. GDP of Bhutan according to South Asian countries
  17. The Bhutanese economy is one of the world's smallest and least developed. From agriculture and forestry, about one-third of GDP and two- thirds of employment comes. India is Bhutan's largest trading partner, accounting for about 90% of Bhutan's total trade. Present Economic Condition
  18. The Constitution of Bhutan guarantees the right to private property, and the government does not interfere with the economy. Bhutan has very few restrictions on trade and investment, and the government encourages foreign investment. Bhutan ranks highly in economic freedom and is one of the freest economies in the world. Economic freedom of Bhutan
  19. Black Economy It is estimated that the black economy accounts for around 20% of Bhutan's GDP. This is a huge amount of money that is not being taxed, and which is not being used to improve the country's infrastructure or provide social services.
  20. Managers must prioritize their options, operating in countries that offer the greatest return with the least risk. Improving the odds of success depends on:  assessing the development  Performance  potential of an economy. Bhutan's economy is facing several challenges:  large trade deficit  high levels of government debt  lack of investment in key sectors. Conclusion
  21. Why should I invest in Bhutan?  Bhutan is a beautiful country with a rich culture.  Low taxes, its skilled workforce.  Happy people consumes more.  Tax holidays and duty-free imports.
  22.  The government is also working to improve the country’s infrastructure.  It is one of the fastest-growing economies in the world, with an annual growth rate of 7.5%.  Bhutan has a young and rapidly growing population. Over 60% of the population is under the age of 30. Why should I invest in Bhutan?
  23. Why should not I invest in Bhutan?  Lack of transparency in its business.  The Bhutanese government has a history of being unstable, which could make investing in the country risky.  Bhutan is a small country with a limited amount of resources, so there may not be as much potential for growth compared to other countries.  Bhutan is a relatively small market with a population of just over 700,000 people
  24. Why should not I invest in Bhutan?  Bhutan does have a debt-laden economy.  Bhutan is a landlocked country. There is no sea port to easily trade internationally.  It is one of the world's poorest countries (153rd).  Relatively undeveloped economy.
  26. Thank You…