Mongolia, natural resources, economic diversification, mining industry, sustainable development
The resource curse paradox, i.e., that resource rich countries tend to have weaker economies than no-resource countries, causes challenges for low and middle-income countries, including Mongolia (Moran, 2013). To avoid the resource curse, Mongolia should undertake three policy measures: diversifying its economy, establishing a sovereign wealth fund and imposing import restrictions.
Agricultural and Resource Economics | Economic Policy | Growth and Development
Bureau of Education and Cultural Affairs (ECA) of the U.S. Department of State
Baatarkhuu, Batbayar, "How Can Mongolia Avoid the Resource Curse?" (2020). English Language Institute. 58.
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