1. Mongolia's Transition Economy
... inefficient. Since then there has been much turmoil and controversy on where Mongolia should look next. The struggle has left Mongolia crippled, and struggling to find answers. Below is an overview of the current Mongolian economy, and standard of living. GDP: $5 billion Per capita GDP: $1.840 Economic growth rate: 3.7% Inflation rate: 5% Unemployment rate: 20% Trade balance: $185 million Number of togrogs ... herding. Many of the herders are being affected by a current environmental crisis called a zud. This is because of a combination of drought in the summers of 1999 and 2000, with e...
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- Approx Pages: 5
- Grade Level: High School