Economic Strategy During the Transition

Keith Griffin

Chapter 1 in Poverty and the Transition to a Market Economy in Mongolia, 1995, pp 1-26 from Palgrave Macmillan

Abstract: Abstract Mongolia for many decades was an economic colony of the Soviet Union. The country became independent in 1921 and three years later the Mongolian People’s Republic was declared. Mongolia thereby became the first country to follow in the footsteps of the Soviet Union. Mongolia remained a single-party state closely allied to the Soviet Union until early 1990, when demonstrations in March of that year led to the first multi-party elections, the introduction of a new constitution and the beginning of a transition from a centrally-planned to a market-guided economy.

Keywords: Market Economy; Real Exchange Rate; Real Rate; United Nations Development Programme; External Shock (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23960-3_1

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DOI: 10.1007/978-1-349-23960-3_1

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