Teutonic deals in Mongolia - BUSINESS NEW EUROPE: "Mongolia's growing economic clout is no secret, but evidence points to Germany being more privy to the Central Asian country's potential than most of its European counterparts.
There has been a powerful global shift in the way Mongolia is perceived, beyond Orientalist fantasies of the steppe and Genghis Khan; when it overtook Qatar last year as the world's fastest-growing economy, people took notice. Moreover, Mongolia's growth is being fuelled by the exporting of its treasured stockpile of natural resources, including copper and rare earth minerals, which are coveted by many nations. It has the world's largest untapped coal reserves.
And the accompanying infrastructural development and swelling of the wealthy class in Mongolia's urban centres offers the prospect of mouth-watering development contracts and export opportunities, which is attracting multinationals from a long list of countries. For these reasons, Mongolia is set to be one of the most interesting and exciting emerging economies of the 21st century. "
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