Gross National Happiness
The phrase Gross National Happiness (GNH); Wylie: gyal-yong ga'a-kyid pal-'dzoms) is a phrase coined in 1972 by Bhutan's fourth Dragon King, Jigme Singye Wangchuck. It represents a commitment to building an economy that would serve Bhutan's culture based on Buddhist spiritual values instead of western material development gauged by gross domestic product (GDP).
Origins and meaning
Today, GNH has come to mean so many things to so many people but to me it signifies simply - Development with Values. Thus for my nation today GNH is the bridge between the fundamental values of kindness, equality and humanity and the necessary pursuit of economic growth.
The GNH concept has inspired a modern political happiness movement. Through the contribution of several western and eastern scholars, economists and politicians, the concept evolved into a socioeconomic development model. In July 2011, the United Nations passed Resolution 65/309, that was adopted unanimously by the General Assembly in July 2011, placing "happiness" on the global development agenda.