Economy of Mongolia
Appearance
The economy of Mongolia has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits for a large part of industrial production.
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Quotes
[edit]- Our (Mongolia) economy is relatively small, but the insiders gained an advantage by using their political influence to get privileged access to all the public funds, investment, land permits.
- Khishgeegiin Nyambaatar (2023) cited in: "Mineral-rich Mongolia is steeling itself for democratic change" in The Guardian, 10 July 2023.
- Mongolia is rich in energy resources, but economic progress has been stifled for 34 years due to a lack of energy transition. We are now addressing this gap with a series of reforms, and the results are beginning to show.
- Togmidyn Dorjkhand (2024) cited in: "Major energy reforms presented" in The UB Post, 11 December 2024.