Mongolia: A Lucky but Difficult Pie to Slice | Ubpost News: "The rapid inflow of huge amounts of investment cash is forcefully dragging the small economy of Mongolia forward, despite numerous problems plaguing the Government and related crucial decision-making bodies.
Mongolia is probably one of the few lucky countries on earth. When the Manchus were defeated by the Red Soviets and left Mongolian territories and its people alone, Mongolia’s fate was at the mercy of the Russians. Due to the Russian belief in expanding their political and economic views, Mongolia became the second communist country in the world and luckily, for over 70 years we were nurtured under the benefit of being a comrade of the Soviets and our nearly extinct population of mere half a million grew to over two million and modern concrete buildings built all around the country.
Great luck has struck us again, this time in the form of our mineral resources.
Mongolia’s potential for economic growth is great, just like its great political and economic instabilities and risks, but apparently the financial benefits for the ones who help Mongolia to realize its potential seems even greater. Yet this process appears that it will be a long and hard journey."
'via Blog this'
