ENGLISH

Mongolia's Economic Prospects: Resource-Rich and Landlocked Between Two Giants

By Matthias Helble; Hal Hill; Declan Magee

Book information

Publisher
Asian Development Bank Institute
Year
2020
ISBN
9789292622497
LCC
HC430.25 .M664 2020
Language
english
Format
EPUB
Filesize
31 MB (32836344 bytes)
Series
Country Diagnostic Studies
Edition
1
Pages
320\0
Time added
2023-08-31 16:10:08
Mongolia-Economic conditions-21st century.

Description

This publication examines Mongolia's recent economic development and outlines reforms that would help the country take advantage of its many opportunities. Mongolia is rich in natural resources and, although landlocked, is well-placed to boost trade with its two giant neighbors. The country needs to diversify its economy beyond mining, enhance economic stability, and increase employment. To maximize Mongolia's potential the government can improve macroeconomic management, enhance the skill base, and provide hard and soft infrastructure to promote trade and efficient logistics. Governance and institutional reforms are also crucial. The government will need to continue to drive reforms so that they are well implemented and deliver the intended change.

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