Authors: Lkhanyam, L.; Enkhtsetseg, Kh.; Chew, Rosalind

Source: International Journal of Entrepreneurship and Innovation Management, Volume 3, Number 3, 20 August 2003 , pp. 303-313(11)

Publisher: Inderscience Publishers

Abstract:

Mongolia is situated in Central Asia between two huge countries, Russia and China. The country has a large territory, but its population is small and the basic economic sectors are nomadic livestock and mining factories. In 1990, the country shifted from being a centrally planned economy to a market-oriented economy and, consequently, the economy is becoming more open. But the Mongolian economy has not performed well. In fact, employment has been falling and labour market expectations are very poor. In order to solve the problem of unemployment, it is necessary for Mongolia to increase the rate of growth. One way is to increase foreign investment. It is suggested that, in order to achieve high growth, Mongolia should take advantage of the economies of China and Russia in just the way that Singapore has taken advantage of the world economy, and Mexico has of the USA.

Keywords: MANAGEMENT JOURNALS; Entrepreneurship, Innovation and SMEs

Document Type: Research article

DOI: http://dx.doi.org/10.1504/IJEIM.2003.003280

Affiliations: 1: Mongolian Labour Institute, Ulaanbaatar-46, PO-94, Mongolia. National Productivity and Development Centre, Ulaanbaatar-46, PO-869, Mongolia. Nanyang Business School, Nanyang Technological University, Singapore

Publication date: 2003-08-20

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