When the maiden sail to financial ocean began | Ubpost News: "How much money do we need?
In the country, where one third of population can barely afford to eat every day, everyone must have a job and create a value in order to have all Mongolians live prosperous. For that purpose Mongolia should diversify its economy. This is the only way.
Diversifying the economy means Mongolians created certain products and services to be in demand on the world market. Harvard researchers concluded in 2010 that meat, cashmere, tourism, information and communication technology and mining logistics service were the most likely ones in such demand.
The first challenge of ours lies in our labor and infrastructure, both of which are currently unable to fully satisfy the needs of the market. We have to build hard-surfaced roads that link not only provinces but also our two neighbors and invest in basic infrastructure such as new sources of heat and power and their transmission network.A report released by the Economic Policy and Competitiveness Research Center in cooperation withThe McKenzie Company suggest that an investment of USD 24 billion will be needed to build the basic infrastructure in the next five years."
'via Blog this'
