YaleGlobal: Mongolia Opens Doors for Foreign Investment

Foreign investment in Mongolia’s mining sector – coal, copper, gold and more – is fueling rapid growth. Like other developing nations, Mongolia wrestles with how to control the development and spread wealth throughout a dispersed population of 2.7 million in sustainable ways rather than passing it on to a handful of elites or creating a welfare state, explains journalist Steven Borowiec. He points out that Mongolia has long been squeezed by Russian and Chinese interests: China is the largest trade partner and investor for the former Soviet satellite, making it tough for Mongolia to compete. To read the full article, click here: Mongolia Opens Doors for Foreign Investment

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.