Next Billion: Transforming ‘Minegolia,’ Harnessing Mongolia’s Resource Wealth to Spur Social Development

As I was reading news of increased economic partnerships between Mongolia and Gulf states, I realized how similar these states are in terms of their abundant resources, low population (with the exception of Saudi Arabia) and developing economies. It became clear to me that these Arab countries, replete with petro-dollars, can offer relevant lessons for Mongolia to translate its resource boom into social development through enterprise. Both regions have become homes to the world’s fastest growing economies thanks to their vast resource wealth (oil and gas for the Persian Gulf; coal, gold, copper and uranium for Mongolia). Coal extraction in Mongolia’s south is expected to triple the national economy by 2020. To read the full article, click hereTransforming ‘Minegolia,’ Harnessing Mongolia’s Resource Wealth to Spur Social Development

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