The Himalayan Kingdom of Bhutan, sandwiched between China and India, is perhaps best known around the globe for its unconventional measure of national development: Gross National Happiness. The concept was introduced back in 1972 by the fourth King of Bhutan, Jigme Singye Wangchuck. It assesses the country’s overall wellbeing on the basis of sustainable and equitable socio-economic development; environmental conservation; preservation and promotion of culture; and good governance.

But the Bhutanese are now finding that their cautious approach to balancing economic growth with the well-being of their citizens, is proving difficult to sustain in light of mounting economic problems. The country which has a population of less than 800,000, is experiencing high levels of youth unemployment and many young people and skilled workers are leaving for countries like Australia and Canada.

To try and counter this brain drain and to attract new investment into the country to help the economy grow, Bhutan has plans to create a ‘Mindfulness City’. This multi-million dollar project is being spearheaded by the current monarch. At its core will be a scaled up, less cautious version of Bhutan’s key concept, which the Bhutanese Prime Minister has called Gross National Happiness 2.0.

So on this week’s Inquiry we’re asking ‘Can Bhutan retain its happiness?’

Contributors: Dr Ha Vinh Tho, Founder and President, Eurasia Learning Institute for Happiness and Well-Being, Switzerland.

Dr Rishi Gupta, Assistant Director, Asia Society Policy Institute, New Delhi, India

Dr Lhawang Ugyel, Senior Lecturer, Crawford School of Public Policy, Australian National University, Canberra, Australia.

Jan Eeckhout, Professor of Economics, Universitat Pompeu Fabra, Barcelona, Spain

Presenter: Charmaine Cozier Producer: Jill Collins Researcher: Matt Toulson Editor: Tara McDermott Technical Producer: James Bradshaw Production Co-ordinator: Tim Fernley and Liam Morrey