Helble, Matthias, Hal Hill, and Declan Magee. Mongolia's Economic Prospects: Resource-Rich and Landlocked between Two Giants.

• Author: Curry, Robert L., Jr.

Helble, Matthias, Hal Hill, and Declan Magee. Mongolia's Economic Prospects: Resource-Rich and Landlocked between Two Giants. Manila: Asian Development Bank, 2020.

The editors begin their volume by pointing out that Mongolia is a middle- to low-income country that's resource rich, relatively small, landlocked, and well placed between two giant neighbors, giving it the opportunity to trade cross-border with both the Russian Federation and the People's Republic of China. The country has solid prospects for economic growth provided the government can improve macroeconomic management, enhance the quality of the labor force, provide key infrastructure components, promote trade that induces direct foreign investment, improve its governance capacities, undertake needed reforms, and diversify the economy beyond the dominant mining sector. They proceed with their analysis by looking at what Mongolia has been able to do since its transition period beginning around 1991. Since then, the country has transformed from a centrally planned...