Insight: Life in Mongolia

Insight: Life in Mongolia

In a bid to improve its economy, Mongolia has crafted policies to liberalize markets to further improve the financial sector. However, due to continued corruption and inefficient rule of law, Mongoliafs economy suffers a gradual progress. In terms of trade, both imports and exports play vital role in its economy as it accounts to 87 percent to the countryfs Growth Development Product. Moreover, mining and agriculture continues to be vital in Mongoliafs economic success.

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