CHANGING MONGOLIA - 1 Soon after Mongolia’s Soviet-supported regime was toppled by a bloodless democratic revolution in 1990, financial giants like the International Monetary Fund and World Bank swooped in to take advantage of the new free market economy. Since then, investors and venture capitalists from around the world struck gold—literally—with the discovery of mines rich with gold, copper, coal and other minerals, garnering the nickname “Minegolia” among locals. While the boom has cooled off slightly, Mongolia is still one of the fastest-growing economies, which has given birth to a vibrant new middle class.
Posted on: Tue, 13 Jan 2015 15:28:04 +0000
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