While a significant nomadic population still pushes its herds across the steppe, young adults in Ulaanbaatar use fibre-optic networks to access the internet. Heir to the legacy of Chinggis Khan, Mongolia is fast emerging as a land rich with economic potential – a country that is seeking growth while also working to preserve its unique national culture.
Just 22 years after embracing the market economy Mongolia has been going through another cycle of economic and political headwinds, although the country’s fundamental macroeconomic indicators appear to be more solid this time around. The mining sector has made Mongolia a key player in the global economy and has spurred expansion in other industries. Since the fall of communism in 1990, the economy has experienced rapid diversification. The government is looking to expand these efforts going forward, and the country’s potential for development is as vast as its landscape.
Stephen Tricks, Consultant, Clyde & Co, on legal prospects for foreign investment
Christian Pellone, Head of Tax, Ernst & Young Mongolia, on recent developments in corporate tax law
Hillary Clinton, US Secretary of State, on Mongolia’s democracy and record of equality for women
James Passin, Principal, Firebird Management, on increasing investor participation on the stock exchange
Explore any of the chapters below to select an article.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×