November 10, 2011

Could Mongolia Be the Next Dubai? - EurasiaNet - International - The Atlantic

Could Mongolia Be the Next Dubai? - EurasiaNet - International - The Atlantic: "The tiny nation found $1 trillion in mineral deposits. Now, Mongolian leaders are studying the lessons of other research-rich countries

Workers walk along the Oyu Tolgoi mine site in Khanbogd village, Mongolia / Reuters

This is the time of year when blasts of Arctic air start sweeping across Mongolia's steppe, ushering in the long, hard winter. It's when many, especially those who adhere to traditional nomadic rhythms of life, hunker down until spring. But this year, there is an unusual air of expectancy amid the deepening chill - a mood borne by the prospect of windfall profits generated by the country's mining sector."

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