Mongolia - The New Wild West Of Investing - Seeking Alpha: "The country is very rich in natural resources but it also has one of the most favorable demographics in the world. Mongolia is a country that is dominated by young people: 70% of the population is under the age of 35. This means that they move extraordinarily quickly and are hungry to get deals done.
Mongolia is an intriguing country with a long and fascinating history. But because of its close proximity to the old Soviet Union, it was heavily influenced by its neighbor during Communist rule. Consequently, they suffered from 70 years of economic stagnation with widespread poverty and high unemployment. It wasn't until after the collapse of the Soviet Union and the fall of Communism that Mongolia started to transform itself into a democracy with a free economy."
'via Blog this'
