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An Analysis Of Mining Sector Economics In Mongolia

Author

Listed:
  • Amrita Batchuluun
  • Joung Yol Lin

Abstract

This paper provides an assessment of the mining sector and shows how it is critical for further sustainable growth in Mongolia. In 1990, Mongolia transferred from socialism to a parliamentary democracy and since then has implemented political and economic reforms that have constituted a sweeping break from the past; succeeding in a way that very few other post communist nations have been able to do. The Mongolian economy was mostly influenced by agriculture and small and medium sized businesses; however since the late 1990s, the Mongolian capital market has had a strong correlation with the fate of Mongolia’s mining deposits, which are of worldwide interest. If these deposits were exploited, the Mongolian capital market would boom and thus strongly effect the whole economic situation. During the last few years the mining sectors have started to provide an important contribution to the GDP. Unfortunately without previous experience and the appropriate legal environment, the mining industry faces great challenges in further development; at same time investment opportunities for the whole country have been delayed for an uncertain period. Thus, this paper emphasizes how to maintain the sustainability of Mongolian economic growth while identifying and analyzing the main difficulties, challenges and strategic efforts in the mining sector and determining appropriate solutions based on international experience and practices.

Suggested Citation

  • Amrita Batchuluun & Joung Yol Lin, 2010. "An Analysis Of Mining Sector Economics In Mongolia," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 4(4), pages 81-93.
    • Handle: RePEc:ibf:gjbres:v:4:y:2010:i:4:p:81-93
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    References listed on IDEAS

    as
    1. Eichengreen, Barry, 2000. "Taming Capital Flows," World Development, Elsevier, vol. 28(6), pages 1105-1116, June.
    2. Edwards,Lindy, 2007. "How to Argue with an Economist," Cambridge Books, Cambridge University Press, number 9780521699433.
    3. World Bank, 2008. "Mongolia Quarterly, January 2008," World Bank Publications - Reports 28092, The World Bank Group.
    4. World Bank, 2008. "Mongolia Quarterly, June 2008," World Bank Publications - Reports 19485, The World Bank Group.
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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).

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    More about this item

    Keywords

    Mongolia; mining industry; investment; economic growth;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • D2 - Microeconomics - - Production and Organizations
    • G00 - Financial Economics - - General - - - General
    • L00 - Industrial Organization - - General - - - General
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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