An improbable textbook case

Article Abstract:

Mongolia's move to a market economy has been hit by a number of problems, some of which are linked to the way that the reforms have been carried out. External forces include a drop in the world prices of cashmere, copper and gold, the main exports of Mongolia. This has contributed to the budget deficit. Capital controls were ended prior to financial reforms, and debtors have sent funds abroad then claimed thay cannot pay debts. Duties were abolished prior to reform of the tax system, exacerbating the fiscal deficit. Poverty has hit around two fifths of Mongolians, and rural areas are less able to absorb the poor, while the school system is underfunded. Aid accounts for around a third of per capita gross domestic product.

Economic policy

---

Back to the yurts?

Article Abstract:

Mongolia has suffered greatly from the collapse of the Soviet Union, on which it depended almost entirely for its economic survival. It might increase its trade with China, and the country is pushing ahead with privatization plans while it tries to attract foreign aid.

International trade

---

Dig for survival: Mongolia

Article Abstract:

Snowstorms in the the southwest and drought and fires in the northeast are crippling Mongolia's economy. Mongolia was already economically weak while undergoing a change to a free market economy. Recent disasters may cause the return of communist leadership.

Weather

Similar abstracts:

• Abstracts: A matter of choice. Atmospheric pressure: the economy
• Abstracts: An inheritance to bestow. Serious weaknesses to solve
• Abstracts: 1992 in a global context. Business benefits of a stronger GATT. Are you creating tomorrow's markets? your company may be making itself more efficient today, but is it positioning itself to seize the opportunities of the future?
• Abstracts: A test ban for all. Nuclear pests. For a nuclear safer world
• Abstracts: His own best case. Your speech, Mr. President. Syntaxgate passes

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.