Via The Atlantic, a look at Mongolia … part of a new class of countries that, like the Middle Eastern states that got rich selling oil to the West, have hitched their economies to resource-hungry China: A tourist stands at Sükhbaatar Square, in the Mongolian capital of Ulan Bator. (Wikimedia). If you can make your […]
Read more »Via The New York Times, an interesting look at Mongolia: Howard Hodgson, a weather-beaten Australian drilling executive with the mouth of a sailor, is proud to say he is in it for the money. When he landed here more than a decade ago, Mr. Hodgson found an economic wasteland still reeling from the fall of […]
Read more »Via The Globe and Mail, an article examining Mongolia’s commodity boom: In much of the developing world, natural resources seem to offer a handy way out of poverty. But they also present a curse. Mongolia, where the centre-right Democratic Party led last week’s elections on a wave of resource nationalism, would be wise to avoid […]
Read more »Via NPR, an interesting look at Mongolia: What country had the world’s fastest-growing economy last year? If you guessed China or India, you’d be wrong. In fact, it’s Mongolia: Its economy grew at more than 17 percent in 2011, according to estimates. That’s nearly twice as fast as China’s. The reason — in a word […]
Read more »Via Celsias, a report on Mongolia’s natural resource bounty that is now attracting serious interest from companies & countries around the globe: Pity poor Mongolia, bereft of fiscal resources, caught between the ambitions of its superpower neighbors, Russia and China. Ulaan Bator’s situation is akin to interwar Poland, dexterously attempting to reconcile its foreign policy […]
Read more »Via The Washington Post, an interesting article on China’s increased interest in, and acquisition of, Mongolia’s natural resources. As the report notes: Overlooking a deep black gash in the Gobi Desert, Od Jambaljamts watched Caterpillartrucks rumble across the rim of the world’s biggest undeveloped coal deposit — and mused on Mongolia’s good fortune to have […]
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