Bhutan has demonstrated that economic growth, agricultural expansion, urban development and industrial development need not come at the cost of ecological conservation. This has emboldened us to declare that we shall forever remain carbon neutral in an environment that is already made hazardous by an excess of green house gas emission. Although the GNH model has indeed, served us well, with its nine domains and indexes, we do not claim that it is the best option. It has its limitations. We see it as a dynamic design that must be constantly enriched and improved with the help of people from all walks of life who bring with them immense experience and knowledge with a shared inspiration to create a better world. In this regard, we are most heartened by the interest the world has taken in our development approach. The reasons for this interest are compelling. Financial systems are unraveling and economies falling apart; natural resources are depleting rapidly and ecosystems collapsing; climate change, water scarcity and disasters are every day realities; health, food and political crises hit us with growing intensity and our society is crumbling. Wars are a constant threat and the possibility of the use of nuclear and chemical weapons are becoming disconcertingly greater. It is an insecure, inequitable, unsustainable and unhappy world that we have created. Our world needs to change and I am convinced that this can happen only when mankind mends its ways \u2013 when it alters, in a drastic way, the way it lives. Thankfully there are encouraging signs. In July 2011, the United Nations passed a resolution titled Happiness: Towards a Holistic Approach to Development stating that happiness is a fundamental human goal and universal aspiration. In April, the following year, 800 leaders and representatives from all walks of life joined the United Nations Secretary general and Nobel Laureates at a meeting organized by the Kingdom of Bhutan at the United Nations to consider the idea of a new development paradigm. Shortly thereafter, the UN proclaimed March 20th each year as the International Day of Happiness. It inspired UN Secretary General Ban Ki Moon to note that: The old model is broken. We need to create a new one Clearly, we must unite around a shared vision for the future a vision for equitable human development, a healthy planet, an enduring economic dynamism.