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Mongolia

Capital: Ulan Bator; GDP growth (annual %) 2016: 1.03%;

Mongolia’s mighty military diplomacy

Mongolia is quickly becoming known for its world military presence. With China and Russia as its only direct neighbours, Mongolia faces a conundrum. Mongolia’s foreign policy is dominated by the necessity to balance the influences of its powerful neighbours and the need to gather support from like-minded nations. Mongolia refers to this as their ‘Third Neighbour Policy’, which aims to allow for economic and political self-determination independent of both China and Russia. Mongolia’s military is key to the execution of this policy.
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Saving face on the Korean Peninsula

Kim Jong-un sees nuclear capability as almost his sole source of regime security and he is not going to give it up, no matter how strong the pressure. He is not stupid. All he has to do is to look at the history of Iraq and Libya, where neither dictator had nuclear weapons. So if the United States insists on de-nuclearisation of the peninsula, presumably that would require regime change, and regime change is unlikely without the use of force. War in the area would be hugely destabilising and potentially disastrous. No one in their right mind should want that.

China is right to urge negotiations, but what is to be negotiated? Kim is not going to negotiate away his own security by giving up his nuclear capability. But if China exerts sufficient pressure, he may acknowledge to stop testing.
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Higher earning Why a university degree is worth more in some countries than others

A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.

The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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Key Facts: Full name: Mongolia
Population: 2.7 million (UN, 2010)
Area: 1.56 million sq km (603,909 sq miles)
Major language: Mongolian
Major religion: Buddhism
Life expectancy: 65 years (men), 73 years (women) (UN)
Monetary unit: 1 Togrog (tugrik) = 100 mongos
Main exports: Copper concentrate, dehaired cashmere, textiles, hides
GNI per capita: US $1,850 (World Bank, 2010)
Internet domain: .mn
International dialling code: +976

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Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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Mongolia Year in Review 2016
2017/04/17

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Asia Economic Roundup: July 2016
2016/07/18
Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

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Mongolia Year in Review 2014
2015/02/14
Falling mineral prices and a tapering of foreign investment resulted in slower economic increase in Mongolia in 2014. However, a commitment by the recently installed coalition government to clear bottlenecks in the investment pipeline and cut spending could see lower deficit levels and better foreign interest in development projects in the year ahead.

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Encouraging mining FDI in Mongolia
2014/08/18
Changes to Mongolia’s mining legislation will open up vast new tracts of land for exploration and pave the way for new licence issuances. This should help replace the confidence of foreign investors made wary by government intervention in the sector.

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Bolor CEO of Skytel Group
2013/05/17
Mongolia is experiencing a wonderful period right presently with 17.3% GDP increase and projections of 12.5% this year. Obviously, the world is really looking at the Mongolian economy right presently. A lot of people have stated that infrastructure is going to be one of the major challenges for Mongolia, which includes energy, road transport, railways and telecoms in particular. What does the next look like for the telecoms sector here in your opinion?

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