Economic Development in Mongolia
AbstractMongolian economy has evolved rapidly in recent decades. It has a number of particular features which makes it interesting to study from a development perspective. One is the landlocked condition which limits its development potential. Another is its high dependence on a few products and natural resources like minerals, energy and agriculture. A third is the large scale of its natural resources with its low population density. This report aims to present a detailed analysis of the abovementioned aspects of the Mongolian economy and its development. It sheds light on conditions for sustainable economic development in the country. The objective is to mobilize available resources to enhance Mongolia¡¯s self-sufficiency and reduce its vulnerability and dependency on its two economically, politically and militarily powerful neighbors. This is conducted in a descriptive and simple but illustrative way. The report provides general information about the Mongolian economy and society compared with its neighbors serving as reference for investors, planners and decision-makers. The report is divided into five main parts. The first part contains a general introduction to the economy of Mongolia. The second part is on the development and the role of the key economic sectors including agriculture, industry and services. The third part elaborates on the development and role of the mining and energy sectors in the development of the economy. The fourth part is an analysis of the international economic relations and the dependence on foreign countries. The last part is on the future directions of development. This report is expected to provide a complete picture of the national economy, its evolution, current state and future possible directions and potential. The empirical and illustrative part is mainly based on data at the aggregate national level, covering the last two decades but mainly the period from 2004 to 2009.
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Bibliographic InfoPaper provided by Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) in its series TEMEP Discussion Papers with number 201053.
Length: 76 pages
Date of creation: Feb 2010
Date of revision: Feb 2010
Mongolia; economic development; macroeconomics; general outlook; country study; trade; agriculture; natural resources; environment; extractive; industries; development planning and policy; transition economics;
Find related papers by JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
- O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-13 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pastore, Francesco, 2008.
"School-to-work-transitions in Mongolia,"
ILO Working Papers
423895, International Labour Organization.
- Davis, Graham A, 1998. "The minerals sector, sectoral analysis, and economic development," Resources Policy, Elsevier, vol. 24(4), pages 217-228, December.
- Irfan ul Haque, 2007. "Rethinking Industrial Policy," UNCTAD Discussion Papers 183, United Nations Conference on Trade and Development.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Est-ce quun pays doit protéger ses industries naissantes pour se développer?
by minarchiste in Le Minarchiste on 2013-03-01 12:12:25
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