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Mongolia at the Market looks at the process of economic transition and development in the years since Mongolia started the transition toward a market economy. The book describes the new market economic system of Mongolia through an analysis of the country's economic branches, sectors, and market components. It also examines the issues of transition and development which determine trends of national economic development. Mongolia at the Market is written by academics and researchers of the School of Economic Studies at the National University of Mongolia. (Series: Global Cultural and Economic Research - Vol. 7)
"Dr. D. Bumaa, 20th-century historian at the National Museum of Mongolian History, then presents the exciting history of Mongolia's century-long struggle to establish independence, first from Manchu Chinese feudal overlords and then from Soviety Communists.".
Land-locked between its giant neighbors, Russia and China, Mongolia was the first Asian country to adopt communism and the first to abandon it. When the Soviet Union collapsed in the early 1990s, Mongolia turned to international financial agencies—including the International Monetary Fund, the World Bank, and the Asian Development Bank—for help in compensating for the economic changes caused by disruptions in the communist world. Modern Mongolia is the best-informed and most thorough account to date of the political economy of Mongolia during the past decade. In it, Morris Rossabi explores the effects of the withdrawal of Soviet assistance, the role of international financial agencies in supporting a pure market economy, and the ways that new policies have led to greater political freedom but also to unemployment, poverty, increasingly inequitable distribution of income, and deterioration in the education, health, and well-being of Mongolian society. Rossabi demonstrates that the agencies providing grants and loans insisted on Mongolia's adherence to a set of policies that did not generally take into account the country's unique heritage and society. Though the sale of state assets, minimalist government, liberalization of trade and prices, a balanced budget, and austerity were supposed to yield marked economic growth, Mongolia—the world's fifth-largest per capita recipient of foreign aid—did not recover as expected. As he details this painful transition from a collective to a capitalist economy, Rossabi also analyzes the cultural effects of the sudden opening of Mongolia to democracy. He looks at the broader implications of Mongolia's international situation and considers its future, particularly in relation to China.
This guide provides comprehensive information the local currency bond market of Mongolia, which has been an active participant to the ASEAN+3 Bond Market Forum since 2019. ADB has been working closely with the Association of Southeast Asian Nations (ASEAN) and Japan, the People's Republic of China, and the Republic of Korea-collectively known as ASEAN+3-under the Asian Bond Markets Initiative to develop resilient regional financial systems. This guide aims to contribute to a better understanding of Mongolia's local currency bond market and facilitate its further development.
These essays provide an interdisciplinary approach to the study of contemporary Mongolia, ranging from industrialization, environmental policies, biotechnology and husbandry to descriptions of Mongolian flora and fauna.
Explore the wonders of wild Mongolia through the eyes of a distinguished field biologist Mongolia became a satellite of the Soviet Union in the mid-1920s, and for nearly seven decades effectively closed its doors to the outside world. Biologist George Schaller initially visited the country in 1989, and was one of the first Western scientists allowed to study and assess the conservation status of Mongolia’s many unique, native wildlife species. Schaller made a number of trips from 1989 to 2018 in collaboration with Mongolian and American scientists, witnessing Mongolia’s recovery and transition to a market economy after the collapse of the Soviet Union. This informative and fascinating new book provides a firsthand account of Schaller’s time in this little-known and remote country, where he studied and helped develop conservation initiatives for the snow leopard, Gobi bear, wild camel, and Mongolian gazelle, among other species. Featuring magnificent photographs from his travels, the book offers a critical, at times inspiring contribution for those who treasure wildlife, as well as a fresh perspective on the natural beauty of the region, which encompasses steppes, mountains, and the Gobi Desert.
The Government of Mongolia has identified agriculture as a priority area for growth. Agriculture sector development is key to diversifying the economy, reducing the reliance on vegetable imports, alleviating poverty, and improving nutrition in the country’s large rural population. The Asian Development Bank prepared this publication, which analyzes the market and value chain for vegetables. It also presents several aspects of climate-resilient smallholder production and market access to promote self-sufficiency and generate more income for vegetable growers. In line with the government’s focus on accelerating economic diversification and job creation, this publication is aimed to aid in informing donor support for Mongolia’s agricultural diversification agenda.
This groundbreaking book analyzes the dramatic impact of Han Chinese migration into Inner Mongolia during the Qing era. In the first detailed history in English, Yi Wang explores how processes of commercial expansion, land reclamation, and Catholic proselytism transformed the Mongol frontier long before it was officially colonized and incorporated into the Chinese state. Wang reconstructs the socioeconomic, cultural, and administrative history of Inner Mongolia at a time of unprecedented Chinese expansion into its peripheries and China’s integration into the global frameworks of capitalism and the nation-state. Introducing a peripheral and transregional dimension that links the local and regional processes to global ones, Wang places equal emphasis on broad macro-historical analysis and fine-grained micro-studies of particular regions and agents. She argues that border regions such as Inner Mongolia played a central role in China’s transformation from a multiethnic empire to a modern nation-state, serving as fertile ground for economic and administrative experimentation. Drawing on a wide range of Chinese, Japanese, Mongolian, and European sources, Wang integrates the two major trends in current Chinese historiography—new Qing frontier history and migration history—in an important contribution to the history of Inner Asia, border studies, and migrations.
Almost 10 years ago the mineral-rich country of Mongolia experienced very rapid economic growth, fuelled by China’s need for coal and copper. New subjects, buildings, and businesses flourished, and future dreams were imagined and hoped for. This period of growth is, however, now over. Mongolia is instead facing high levels of public and private debt, conflicts over land and sovereignty, and a changed political climate that threatens its fragile democratic institutions. Subjective Lives and Economic Transformations in Mongolia details this complex story through the intimate lives of five women. Building on long-term friendships, which span over 20 years, Rebecca documents their personal journeys in an ever-shifting landscape. She reveals how these women use experiences of living a ‘life in the gap’ to survive the hard reality between desired outcomes and their actual daily lives. In doing so, she offers a completely different picture from that presented by economists and statisticians of what it is like to live in this fluctuating extractive economy.
This publication examines Mongolia’s recent economic development and outlines reforms that would help the country take advantage of its many opportunities. Mongolia is rich in natural resources and, although landlocked, is well-placed to boost trade with its two giant neighbors. The country needs to diversify its economy beyond mining, enhance economic stability, and increase employment. To maximize Mongolia’s potential the government can improve macroeconomic management, enhance the skill base, and provide hard and soft infrastructure to promote trade and efficient logistics. Governance and institutional reforms are also crucial. The government will need to continue to drive reforms so that they are well implemented and deliver the intended change.