The recent economic crisis – which many economists believe was the world financial crisis ever since the Great Depression of 1930s – had many economists scrambling for answers.
Many said the crisis was a result of high risk complex financial products, undisclosed conflicts of interest, the failure of regulators, and the credit rating agencies among others.
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On the other hand many deduced that the current global economic paradigm run its course and that there a need to create a new global economic paradigm.
Will the new global economic paradigm be based on Bhutan’s Gross National Happiness? And can GNH be Bhutan’s legitimate soft power?
