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Details
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| Document Date:
| 2007/07/26 |
| Document Type:
| Country Economic Memorandum |
| Report Number:
| 39009 |
| Volume No:
| 1 of 1 |
| Country:
| Mongolia ; |
| Disclosure Date:
| 2007/08/20 |
| Doc Name:
| Mongolia - Sources of growth : country economic report |
| Keywords:
| access to credit, Accounting, administrative data, Adult Education, adverse effects, agglomeration effects, aggregate demand, Agriculture, allocative efficiency, Average Wages, bankruptcy, Banks, base year, Binding Constraints, Borrowing, Budgeting, buyers, Capacity building, Climatic conditions, collateral, commercial banks, commodities, commodity, Communications Technology, competitiveness, constant prices, consumption levels, Contribution, Contributions, credit risk, Currency, current account, curricula, curriculum, Debt, Debt Sustainability, decision making, dependant, deposit, deposits, depreciation, Development Strategy, Direct Investment, discouraged workers, Distortionary taxes, diversification, droughts, Earnings, economic activities, economic concentration, economic conditions, economic development, Economic Growth, economic impact, Economic Management, employment opportunities, environmental, environmental degradation, environmental impacts, exchange rate, expenditures, Export Growth, Exports, external shocks, farms, financial intermediation, Financial Sector, financial services, financial support, Fiscal Policy, fiscal surpluses, Fiscal Sustainability, fishing, food production, foreign currency, Foreign Direct Investment, foreign investment, forestry, future growth, GDP, GDP per capita, Gross Domestic Product, growth rate, household income, human capital, human development, import quotas, imports, Income, income groups, income level, income levels, Income Taxes, Inflation, inflation rate, Information System, Information Technology, infrastructure investments, insurance, Intellectual Property, Interest Rate, Interest Rates, intermediate inputs, Investment Climate, Investment Climate Assessment, investment decisions, Investment Program, job creation, labor costs, labor force, Labor Market, labor markets, large enterprises, legislation, lending rates, literacy, livestock support, Living Standards, Low Income, low-income, Macroeconomic Analysis, macroeconomic management, macroeconomic performance, macroeconomic stability, Macroeconomics, marginal tax rate, market conditions, market demand, market economy, market participants, Mathematics, Medium Enterprises, Mines, Monetary policy, multiplier effects, National Economy, National Income, natural capital, NATURAL RESOURCES, new jobs, Output, permanent workers, perverse incentives, planned economies, planned economy, policy decisions, Pollution, Population Dynamics, poverty alleviation, Private Consumption, Private sector development, production processes, Productivity, productivity increases, prosperity, public confidence, Public Debt, Public Debt Management, public goods, Public Investment, Public-private Partnerships, quality standards, Real cost, real estate, Real GDP, real income, real wages, recession, Regulatory Framework, resource use, retirement, retirement age, risk premium, risk premiums, Salaries, salary, Savings, Savings Rate, secondary education, social capital, social protection, social security, social security benefits, Social Welfare, structural change, Sustainability Analysis, Sustainable Development, sustainable growth, Tax, tax laws, Tax Rate, tax rates, Tax Reforms, tax regime, tax revenues, tax systems, Taxation, technical education, technical skills, temporary employment, Total Factor Productivity, trade policy, training programs, Transition Countries, Transition Economies, Transparency, Transparency Initiative, unemployed, Unemployment, unemployment benefits, unemployment rate, Unemployment rates, Urban Development, Urban Population, Urbanization, Valuable, Value Added, Voucher Program, Wage, Wage growth, wages, Wealth, withdrawal, working age, Working Age Population, working life, World Markets, worth, WTO, young people, younger workers
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| Language:
| English |
| Major Sector:
| Energy and mining ; Education ; Public Administration, Law, and Justice ; Health and other social services ; Industry and trade |
| Rel. Proj ID:
| MN-Mongolia Cem - Sources Of Growth -- P096227 ; |
| Region:
| East Asia and Pacific ; |
| Rep Title:
| Mongolia - Sources of growth : country economic report |
| Sector:
| Health ; Mining and other extractive ; General education sector ; General industry and trade sector ; General public administration sector |
| Topics:
| Environment ; Private Sector Development ; Macroeconomics and Economic Growth ; Finance and Financial Sector Development |
| SubTopics:
| Environmental Economics & Policies ; Economic Theory & Research ; Emerging Markets ; Debt Markets ; |
| Unit Owning:
| PREM Sector Department (EASPR) |
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Abstract
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| This economic report aims to inform the ongoing debate on the Government's long term development priorities in Mongolia. It discusses the key facts and potential implications the government would need to consider when determining its public spending, public investment program, fiscal space, and borrowing strategy going forward. The report begins by reviewing the Mongolian growth experience over the 1990s as a pre-requisite to understand the present endowments, and the circumstances under which one needs to think about the future. Chapter 2 applies the "growth diagnostics" approach to identify those factors that are "binding" constraints to growth and are areas in need of immediate policy interventions by the government. Chapter 3 discusses the issues that will need to be addressed in order to develop non-mining sector activities with the aim of economic and export diversification and suggests policies to encourage firm innovation'' and private sector growth. Chapter 4 discusses policies to relax infrastructure bottlenecks in the context of regional development and Mongolia's unique geography. Chapter 5 presents a menu of policies tailored to address the mismatch of skills workers bring to the market and those demanded by the market. Chapter 6 discusses issues related to appropriate management and development of its mineral wealth, as well as those arising from present practices in the livestock sector. Finally, in Chapter 7, the possibilities of governance failure, policy and other risks are analyzed to demonstrate their inhibiting effects on the achievement of much higher long-term growth rates in this natural resource dependant economy during a commodity price boom. |
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Downloads
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Complete Report
Official version of document (may contain signatures, etc) |
 PDF | 258 pages | Official Version | [18.36 mb] |
 Text | | Text Version* | |
| *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity. |
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