 Foreign Direct Investment into MongoliaChristopher MacDougall
The Northeast Asian Economic Review, 2015, vol. 3, issue 2, 43-53 Abstract: Awakened by the diminishing influence of the Soviet Union, Mongolia experienced its own revolution between 1990 and 1991. The following decade brought significant political, social, and economic change. Not the least of which was the introduction of foreign capital into the domestic economy. Targeted investment aimed at expanding Mongolia's nascent mineral resources sector propelled the economy forward, making it one of the fastest growing in the world between 2009 and 2012. This paper examines the impact of foreign investment on Mongolia's economy and discusses the challenges of investing and doing business in a post-soviet nation. Comparing historic and modern influences, an assessment of external factors is also presented. Special attention has been given to Mongolia’s mineral resources sector, the influence of mineral resource demand in China, and the changing dynamics of domestic politics. While Mongolia's future is dependent on a number of internal and external factors, these three offer the greatest opportunities and the greatest challenges for Mongolia as it strives to reach its full potential. Keywords: Mongolia; foreign investment; natural resource investing; Mongolian investment Opportunities; and Northeast Asia (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eri:review:3:2:43-53 Access Statistics for this article More articles in The Northeast Asian Economic Review from ERINA - Economic Research Institute for Northeast Asia Contact information at EDIRC. |
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