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Avoiding the "Resource Curse" in Mongolia

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  • Theodore H. Moran

    (Peterson Institute for International Economics)

Abstract

Located in north central Asia, Mongolia is on the verge of an economic boom as foreign investors extract and exploit its rich deposits of natural resources, among them copper, gold, and coal. But the onset of a mining boom in Mongolia has also generated widespread concerns about the potential damage to traditional agriculture and the environment, the lack of infrastructure and water resources, and the dangers of increased economic inequality, inflation, fiscal instability, corruption, and lack of transparency. The reelection of President Tsakhiagiin Elbegdorj on June 26, 2013, provides an opportunity to reassess how the country has fared in dealing with the mining boom and identify the best policy options to avoid the "resource curse."

Suggested Citation

  • Theodore H. Moran, 2013. "Avoiding the "Resource Curse" in Mongolia," Policy Briefs PB13-18, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb13-18
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    References listed on IDEAS

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    1. Robert S. Pindyck, 2009. "Sunk Costs and Risk-Based Barriers to Entry," NBER Working Papers 14755, National Bureau of Economic Research, Inc.
    2. Ian Bannon & Paul Collier, 2003. "Natural Resources and Violent Conflict : Options and Actions," World Bank Publications - Books, The World Bank Group, number 15047, December.
    3. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    4. Theodore H. Moran, 2011. "Foreign Direct Investment and Development: Launching a Second Generation of Policy Research: Avoiding the Mistakes of the First, Reevaluating Policies for Developed and Developing Countries," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6000, October.
    5. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
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    Cited by:

    1. Ngee Choon Chia, 2014. "Uniquely Singapore'S Budgetary System And Social Protection Financing Schemes," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 59(03), pages 1-21.
    2. Li, Bin Grace & Gupta, Pranav & Yu, Jiangyan, 2017. "From natural resource boom to sustainable economic growth: Lessons from Mongolia," International Economics, Elsevier, vol. 151(C), pages 7-25.
    3. Gavin Hilson & Tim Laing, 2017. "Guyana Gold: A Unique Resource Curse?," Journal of Development Studies, Taylor & Francis Journals, vol. 53(2), pages 229-248, February.
    4. Troy Sternberg & Jerome R. Mayaud & Ariell Ahearn, 2022. "Herd It in the Gobi: Deserting Pastoralism?," Land, MDPI, vol. 11(6), pages 1-23, May.

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