Mongolia’s Economic Freedom ranks 75th from 177 countries | Ubpost News: "The Index of Economic Freedom 2013 was published by The Wall Street Journal and The Heritage Foundation and Mongolia scored 61.7, which makes it the 75th economy out of 177 countries evaluated. This is a slight improvement on the part of Mongolia as it scored 0.2 more points than its 2012 score, which won Mongolia the title of “Moderately Free” – above the global average score which is 59.6.
“Mongolia has gradually moved toward a more modern and vibrant economy, with double-digit economic growth driven by the booming mining sector. The trade regime is increasingly open, and the regulatory framework has become more efficient, supporting the development of a growing private sector. The Fiscal Sustainability Law, which places ceilings on spending growth, structural budget deficits, and public debt in an effort to ensure fiscal discipline and long-term economic growth, is expected to take effect in phases beginning in 2013,” stated the heritage.org."
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