Bloomberg: Mongolian Harvard Elites Aim for Wealth Without ‘Dutch Disease’

Mongolia’s billions of dollars worth of copper, gold, uranium and coal reserves promise the greatest influx of wealth for the country since Genghis Khan conquered much of the known world in the 13th century. They also may spawn a crisis. Sudden prosperity can overwhelm an economy, exposing it to commodity-price swings. Mongolia’s leaders, some educated at Harvard and Cambridge, say they are determined to avoid this syndrome, known as “Dutch Disease” — a sudden surge in wealth that ultimately hampers expansion. To read the full article, click hereMongolian Harvard Elites Aim for Wealth Without ‘Dutch Disease’

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