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.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
For an accessible version of this document, email request containing a link to this page to email@example.com.