1. Mongolia's Transition Economy
... % free trade. Other less radical measures included spending cuts, closing of insolvent banks, raising utility prices, and the privitization of all industries except for meat processing, milk and flour production. Since then, Mongolia's attempt at "shock therapy" failed. In 2000, the formerly communist Mongolian People's Revolutionary Party (MPRP ... economy Mongolia has to meet that need, no matter how small. Lastly, The few industries in Mongolia that have not been privatized (meat processing, milk, and flour production) are pivotal for the future success of Mongolia. One of the largest ...
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- Grade Level: High School