不丹的愿景：人民、进步与地球——到2029年达到中上收入水平：2024年政策说明（英）

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Bhutan aims to achieve upper-middle-income status by 2029, facing various short-term and long-term challenges, including economic stagnation and high youth unemployment [14][15] - The government needs to implement immediate policy actions and investments to support private sector growth, enhance macroeconomic stability, and improve public sector efficiency [21][22] - The report emphasizes the importance of investing in human capital to improve individual well-being and productivity, which is crucial for economic growth [32][37] Summary by Sections Socioeconomic Constraints Facing Bhutanese Families - A typical family in Bhutan faces significant socioeconomic constraints, leading to considerations of emigration for better opportunities [5][6] - The lack of access to financing and market opportunities hampers business expansion for local entrepreneurs [7][8] Urgency of Reforms - Bhutan has experienced rapid poverty reduction but structural transformation has been slow, necessitating urgent reforms to address economic vulnerabilities [13][14] - The COVID-19 pandemic exacerbated existing economic challenges, leading to a surge in youth emigration [14][16] Investment in Human Resources - Investing in human capital is essential for enhancing productivity and addressing social inequalities [32][34] - The report highlights the need for comprehensive systems to support human capital accumulation throughout the lifecycle [36][37] Early Investments - Early childhood development investments yield high returns, with well-designed programs significantly improving long-term outcomes for children [42][45] - Access to quality early childhood education remains limited, particularly in vulnerable and remote areas [44][45] Adult Investments - The labor market is at a critical juncture, with a need for more quality jobs in the private sector to absorb the educated workforce [56][57] - High-quality health services are essential for maintaining a productive workforce, especially as Bhutan faces an aging population [59][60] Economic Development - Bhutan's economy has grown significantly over the past two decades, but structural challenges remain that could delay its transition to a developed country [72][73] - The government should promote private sector development to create jobs and enhance economic resilience [72][74]