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Foreign Direct Investment into Mongolia

Author

Listed:
  • Christopher MacDougall

    (Mongolian Investment Banking Group SC LLC (MIBG))

Abstract

Awakened by the diminishing influence of the Soviet Union, Mongolia experienced its own revolution between 1990 and 1991. The following decade brought significant political, social, and economic change. Not the least of which was the introduction of foreign capital into the domestic economy. Targeted investment aimed at expanding Mongolia's nascent mineral resources sector propelled the economy forward, making it one of the fastest growing in the world between 2009 and 2012. This paper examines the impact of foreign investment on Mongolia's economy and discusses the challenges of investing and doing business in a post-soviet nation. Comparing historic and modern influences, an assessment of external factors is also presented. Special attention has been given to Mongolia’s mineral resources sector, the influence of mineral resource demand in China, and the changing dynamics of domestic politics. While Mongolia's future is dependent on a number of internal and external factors, these three offer the greatest opportunities and the greatest challenges for Mongolia as it strives to reach its full potential.

Suggested Citation

  • Christopher MacDougall, 2015. "Foreign Direct Investment into Mongolia," The Northeast Asian Economic Review, ERINA - Economic Research Institute for Northeast Asia, vol. 3(2), pages 43-53, October.
    • Handle: RePEc:eri:review:3:2:43-53
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    Citations

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    Cited by:

    1. Yang, Ruicheng & Xing, Weize & Hou, Shuxia, 2020. "Evaluating the risk factors influencing foreign direct investment in Mongolia's mining sector: A complex network approach," Emerging Markets Review, Elsevier, vol. 43(C).
    2. Aleksandr Valerievich Makarov & Elena Vladislavovna Makarova & Aleksandr Borisovich Andreev, 2020. "Mongolia’s foreign economic relations at the current stage of development," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 7, pages 79-92, July.

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