198 TILG Mongolia ceo networks

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In 1990, Mongolia abandoned its 70-year-old Soviet-style one-party system in favour of political and economic reforms and multiparty elections.

Vast quantities of untapped mineral wealth have made it a target for foreign investors, transforming the country's tiny but fast-growing economy. This rapid change has taken place against a backdrop of political wrangling and government pledges to tighten control over the country's assets.

Once the heartland of an empire stretching to Europe under Genghis Khan, Mongolia is a landlocked country dominated by sparsely populated steppe and semi-desert.

A third of the population lives in the capital, while around 40% of the country's workforce is nomadic, herding livestock in the extensive pasturelands.

The Beautiful Mongolia You Have to Visit to appreciate

  • Mongolia

  • Capital: Ulan Bator

  • Population 2.8 million (2012)

  • Area 1.56 million sq km (603,909 sq miles)

  • Major language Mongolian

  • Major religion Buddhism

  • Life expectancy 65 years (men), 73 years (women)

  • Currency Togrog

 

TRAVEL & ECONOMY

'''Economic activity in Mongolia''' has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Soviet assistance, at its height one-third of Gross domestic product ( G D P ) , disappeared almost overnight in 1990-91, at the time of the Collapse of the Soviet Union.

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Uploaded by 198TILG CEO Branding Marketplace, USA on 2019-01-22.
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