How Mongolia can improve infrastructure spending: "Ulaanbaatar accounts for over 40 percent of Mongolia's population and a bulk of its economic activity. Considerable economic research tells us that with proper infrastructure and favorable regulations, cities can be engines of economic growth. Yet Ulaanbaatar has been relatively neglected in government infrastructure spending. On average, it received less than 20 percent of the national roads budget over the past five years, and was similarly under-prioritized in expenditures on heating. Over the next four years the government plans to spend twice as much on rural roads as on Ulaanbaatar's roads, even though rural roads will not have anywhere near the traffic volumes needed to generate positive economic returns."
'via Blog this'
