Bhutan

In the early 20th century, Bhutan was a Protectorate of Great Britain, who took responsibility for directing Bhutan's foreign affairs, theoretically leaving internal affairs to the Bhutanese government. They ceded that role to India in 1947, with the relationship formally defined in 1949. Bhutan has one of the smallest and least-developed economies in the world. Some 93 percent of the population is engaged in agriculture, chiefly in subsistence farming and animal husbandry, and there is a substantial lack of modern technology. Only 8.5 percent of Bhutanese are urbanized.

One-fourth of the workforce is engaged in industries, and employers are faced with a massive labor shortage. The economy is highly dependent on regular subsidies from India. With a per capita income of $1,400, Bhutan is ranked 197th ...