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Ger District Ulanbataar

DEVELOPMENT

Mongolia faces great economic challenges. It is dependent from China and Russia because of its close economic ties and geographical “sandwich location” between its two giant neighbors. Additionally, Mongolia has experienced volatile growth due to falling global commodity prices and controversies with foreign investors. The Mongolian economy has therefore not developed as well as expected – a trend that can be redirected to a positive direction via sound regional integration.

 

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