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024 7  10.1596/35510 |2doi
035    (CKB)4920000001209626
035    (The World Bank)35510
035    (US-djbf)35510
035    (EXLCZ)994920000001209626
040    DJBF |beng |cDJBF |erda
110 2  World Bank Group.
245 10 Bhutan Development Update, April 2021.
264  1 Washington, D.C. : |bThe World Bank, |c2021.
336    text |btxt |2rdacontent
337    computer |bc |2rdamedia
338    online resource |bcr |2rdacarrier
347    data file |2rda
490 1  Economic Updates and Modeling.
520 3  Although Bhutan has made progress in recent years, notably by initiating the development of a domestic e-commerce ecosystem, gaps still remain. The Royal Government of Bhutan (RGoB) has prioritized information and communications technology (ICT) development to promote the vision of 'an ICT-enabled, knowledge society as a foundation for Gross National Happiness.' Initiatives, such as the Digital DrukYul flagship program, the guidelines on e-commerce and the e-commerce Policy Framework, aim to increase Bhutan's digitalization and participation in e-commerce. Yet, constraints in the e-trade environment, such as limited Internet connectivity, high costs of payment transactions, an incomplete regulatory infrastructure, and high trade facilitation and logistics costs, still hold Bhutan back, resulting in low levels of e-trade participation at present. The special focus section assesses the main regulatory and trade facilitation priorities for digital trade in Bhutan and makes concrete proposals to develop the country's e-trade framework. The development of Bhutan's digital economy and e-trade is contingent on a number of complementary factors including reliable Internet connectivity, mobile and computer penetration, digital literacy, availability of efficient logistical and payment systems, and relevant infrastructure to facilitate those factors. E-trade in goods and services also requires supporting policies in areas such as data protection, cyber security, consumer protection, competition law and the recognition of e-signatures and electronic transactions, which are the basic building blocks of all business online.
650  4 Business Cycles and Stabilization Policies
650  4 Business Environment
650  4 Economic Growth
650  4 Export Competitiveness
650  4 Fiscal and Monetary Policy
650  4 Macroeconomics and Economic Growth
650  4 Monetary Policy
650  4 Poverty Reduction
650  4 Trade Facilitation
650  4 Trade Policy
830  0 Economic Updates and Modeling.
830  0 World Bank e-Library.
906    BOOK