This study asks, “How does democratic governance and economic development differ when founded on Eastern, Buddhist principles, rather than dominant Western, liberal, and Enlightenment values and beliefs?” The small, remote country of Bhutan, the only democratic, market-based state in the world rooted constitutionally and culturally in Mahayana Buddhist principles and ethics, provides a heuristic case study for comparing two distinct approaches to democracy and development. Because the two approaches—Eastern and Western—are based on distinctive philosophical traditions that differ on important, first-order principles, comparison can bring to light new questions, frames of inquiry, and alternative approaches to contemporary democratic theory and practice and broaden our conceptualization of, and policies directed toward, human development.