The Overhyped Economy of Bhutan
Bhutan, a small country in the Himalayas, operates its economy differently from most nations. Instead of focusing on increasing its Gross Domestic Product (GDP), Bhutan prioritizes "Gross National Happiness." This means they value maintaining their natural environment and unique culture over material wealth and rapid economic growth. For example, they limit tourism by making it very expensive, choosing to attract fewer, wealthier visitors to protect their landscape and culture. Despite being a relatively poor country, Bhutan has invested heavily in hydroelectric power, exporting excess electricity and even using some for cryptocurrency mining, which helps pay off its debts. While this approach has kept Bhutan's economy small and its people relatively poor, it has also led to low corruption. Though not a model for all countries, Bhutan shows that economic goals can be balanced with other important values like environmental protection and cultural preservation.
Key Vocabulary
In a way that causes great amusement or laughter; used to emphasize an ironic or unexpected outcome.
Examples:
- The cat, attempting to jump onto the high shelf, hilariously misjudged the distance and landed in a laundry basket.
- After all his boasting, he hilariously tripped over his own feet right before crossing the finish line.
- The politician, known for his serious demeanor, hilariously struggled with a simple technical issue during the live broadcast.
In a manner relating to politics, especially international relations, as influenced by geographical factors.
Examples:
- The island nation's strategic location made it geopolitically significant for trade routes.
- The discovery of vast oil reserves in the region shifted its geopolitically importance on the global stage.
- Experts debated how the new alliance would impact the balance of power geopolitically.
A barrier or obstruction that prevents progress or achievement.
Examples:
- Lack of funding proved to be a significant roadblock to completing the research project.
- The unexpected technical issue created a major roadblock in the software development timeline.
- Communication breakdowns often act as a roadblock to effective team collaboration.
Relating to the branch of economics concerned with large-scale or general economic factors, such as interest rates, national productivity, and inflation.
Examples:
- Government policies often aim to influence macroeconomic indicators like employment rates and GDP.
- The central bank's decision had a significant macroeconomic impact on the entire financial market.
- Analyzing macroeconomic trends is crucial for understanding the overall health of a nation's economy.
Not occurring often; rare.
Examples:
- Visits from the migrating birds are infrequent in this region, making each sighting special.
- Due to the remote location, public transportation to the village is infrequent.
- Severe thunderstorms are infrequent in this desert climate, but when they occur, they can be intense.
Without thinking or paying attention; mechanically or by rote.
Examples:
- She found herself mindlessly scrolling through social media, losing track of time.
- He mindlessly chewed on his pen while listening to the long lecture.
- Many people mindlessly throw away recyclable materials without considering the environmental impact.
Extremely powerful nations, especially those with dominant international influence.
Examples:
- During the Cold War, two global superpowers dominated the international political landscape.
- The emergence of new economic superpowers is reshaping global trade relations.
- Historically, empires often aspired to become regional superpowers, extending their influence far beyond their borders.
This appears to be a truncation or misspelling of 'Cape Verde', a country.
Examples:
- Travelers often enjoy the beautiful beaches and vibrant culture of Cape Verde.
- The economy of Cape Verde relies heavily on tourism and remittances.
- The archipelago of Cape Verde is known for its diverse landscapes, from volcanic peaks to sandy shores.
To distribute (resources or duties) for a particular purpose.
Examples:
- The project manager needed to allocate tasks efficiently among the team members.
- The government decided to allocate more funds to public education and healthcare.
- It's important to allocate your time wisely to achieve your goals.
Situated or placed snugly or comfortably.
Examples:
- The cozy cabin was nestled among the tall pine trees by the lake.
- The small village was nestled in a valley, surrounded by rolling hills.
- She found the perfect spot, nestled in the armchair with a good book and a warm blanket.
Making a scratching or scrambling sound; also, struggling to achieve or find something.
Examples:
- The mouse was scrabbling inside the walls, trying to find a way out.
- He spent hours scrabbling through old documents, searching for the missing contract.
- After the market downturn, many small businesses were scrabbling to stay afloat.
It may be argued; it can be contended that.
Examples:
- He is arguably the most talented musician of his generation.
- The new policy is arguably a step in the right direction for economic stability.
- With its stunning natural beauty, this region is arguably one of the best places for hiking.
Having or showing the attitudes of a snob; feeling or acting superior to others.
Examples:
- Her snobby remarks about local restaurants made her unpopular with the community.
- Some critics found the gallery's selection of art to be rather snobby and exclusive.
- He had a snobby attitude towards anyone who didn't share his expensive tastes.
Relating to or denoting the generation of electricity by means of water power.
Examples:
- The country relies heavily on hydroelectric power for its energy needs.
- The construction of the new hydroelectric dam will provide clean energy to thousands of homes.
- Hydroelectric plants are known for their efficiency and minimal carbon emissions.
At any time whatever; whenever.
Examples:
- Feel free to call me anytime if you have questions about the project.
- You can visit the museum anytime between 9 AM and 5 PM.
- The software allows users to access their files anytime, anywhere, as long as they have an internet connection.
Extremely thorough, exhaustive, or accurate; strict and demanding.
Examples:
- The scientific study underwent a rigorous peer-review process before publication.
- Applicants for the advanced program must pass a rigorous entrance examination.
- The training regimen was rigorous, pushing the athletes to their physical limits.
Capable of being deducted, especially from taxable income or from an insurance claim.
Examples:
- Many charitable donations are tax deductible, reducing your overall tax burden.
- Before your insurance covers the costs, you must pay the deductible amount yourself.
- Business expenses that are directly related to income generation are usually deductible.
This appears to be a part of a brand name, 'Aman cor', likely referring to a luxury resort or hotel, not a standalone vocabulary word.
Examples:
- The Aman cor resort is renowned for its exceptional service and serene location.
- Guests at Aman cor can enjoy breathtaking views of the surrounding mountains.
- Aman cor offers a unique blend of traditional architecture and modern amenities.
The action or fact of maintaining or supporting oneself at a minimum level.
Examples:
- Many families in remote areas rely on subsistence farming to feed themselves.
- The indigenous community lived a life of subsistence, using only what the land provided.
- Without a stable income, he was barely able to earn a subsistence living.
Finally; in the end; after a long and often complicated series of events or considerations.
Examples:
- Despite initial setbacks, the team ultimately achieved its goal of launching the new product.
- The negotiations were lengthy, but ultimately, an agreement was reached by both parties.
- While many factors contributed, the decision was ultimately made by the CEO.