Due to the large number of efforts by Chinese government and several there has been a significant economic development in Tibet and it led to the emergence of a number of Tibetan entrepreneurs. The major factor which has led to the economic development in Tibet includes:
There have been a number of industries which has emerged up in the recent times. This has helped in the betterment of infrastructure which has led to the economic integration in the land of Tibet.
In the recent times the prices of the food has been tremendously increased in the local and the global market. Since Tibetan economy has emerged mainly from agriculture, the rise of the food prices has brought huge profits for the people. This has led to the better economic growth in the plateau.
China has helped Tibet in the recent years to improve its economic situation. China has recently implemented the harmonious policy which has increased the opportunities for the socioeconomic development in Tibet (Xue-Yong et al, 2002). As a result of the same, great developments has been witnessed in the economy of Tibet. Some of these policies include the cancellation of the taxes, a large number of subsidiaries from the central government and the expansion of the health care schemes for the Tibetans.