Bhutan is located on the southern slope of the Himalayas and is 300 km east-west and 170 km north-south. The northern part is a high alpine country dating from approx. 4000 masl and up to the peaks of the Himalayas at the edge of the Tibetan Plateau. The highest mountains are Kula Kangri (7554 masl) and Gangker Punsum (7550 masl). The central part of the country is divided by several…
Read MoreBhutan’s Political System
Bhutan got its first written constitution in 2008, after the country, in a transition period from 1999, had moved from being an absolute monarchy towards a political system of more popular participation. The King established a constitutional commission in 2001, and it submitted a constitutional proposal in 2005. A revised proposal from 2007 was adopted and entered into force in the summer of 2008. According to the new constitution, Bhutan…
Read MoreEconomics and Business in Georgia
The government pursues a market-oriented policy, and in 2007 the World Bank was named the world’s most reforming country in the economic field. The 1993 civil war in Abkhazia led to something close to an economic collapse for Georgia. Monetary policy has been tightened and inflation has slowed somewhat. In 1996, a number of reform measures were introduced. private ownership of land and privatization of the banking system. Georgia has…
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