Mongolia: Do Oligarchs See Politics as a Growth Opportunity? | EurasiaNet.org: "Reflecting Mongolia’s booming economy, Ulaanbaatar’s skyline has been transformed in recent years, with socialist-style low-rise buildings displaced by lots of steel and concrete structures. And as the towers go up, their owners seem to go into politics.
Mongolia’s economy grew by 17.3 percent in 2011, up from 6.4 percent in 2010. Foreign direct investment, mostly in the mining sector, totaled some $5 billion last year. The country sits on vast coal reserves, mostly untouched, lying within sniffing distance from energy-hungry China. It’s not surprising, then, that what some call the world’s fastest-growing economy is producing nouveau-riche oligarchs."
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