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Bhutan

Capital: Thimphu; GDP growth (annual %) 2016: 6.2%

The Bangladesh, Bhutan, India and Nepal (BBIN)

The Bangladesh, Bhutan, India and Nepal (BBIN) sub-regional grouping has realised that narrowing connectivity gaps is a must for facilitating regional trade. Improved connectivity, which the South Asian Association for Regional Cooperation (SAARC) is only making slow evolution on, is essential to providing cheaper access to goods and services, creating additional jobs and from presently on helping to alleviate poverty at a faster rate.

The BBIN initiative, as such, has emphasised building connectivity from its beginning. Its vision involves increasing trade and cooperation within eastern South Asia, ensuring faster movements of goods and people, building sustainable development through water resource management and striving for climate protection.
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Higher earning Why a university degree is worth more in some countries than others

A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.

The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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Global growth will be disappointing in 2016: IMF's Lagarde

World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.

IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.

Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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hina Shandong Economic & Technical Cooperation Group LTD(SCI),

Key Facts: Full name: Kingdom of Bhutan
Population: 708,500 (UN, 2010)
Area: 38,364 sq km (14,812 sq miles)
Major language: Dzongkha (official)
Major religions: Buddhism (official), Hinduism
Life expectancy: 66 years (men), 70 years (women) (UN)
Monetary unit: 1 ngultrum = 100 chetrum
Main exports: Electricity, timber, cement, agricultural products, handicrafts
GNI per capita: US $1,880 (World Bank, 2010)
Internet domain: .bt
International dialing code: +975

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There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

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Asia Economic Roundup: July 2016
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Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

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