Mongolia Is A Landlocked, Central Asian Country - 1681 Words

Mongolia is a landlocked, central Asian country, between China and Russia, with many mountainous and desert areas. The climate in Mongolia can be very extreme, with droughts in the summer and heavy snow in the winters. Mongolia gained its independence in 1921, and was declared a socialist nation, until the late 1980s, since around 1990, the country has had a type of free market economy. There are branches similar to the United States, where there is a president, prime minister and cabinet in the executive, some members of parliament in the legislative branch and a constitutional court in the judicial branch. The government in Mongolia is fairly new and not incredibly developed. The capital of Mongolia is Ulaanbaatar, and about 45% of all of Mongolia’s population lives there. The population of Mongolia is young; the majority of the people are younger than 30 years old. The population’s social structure is mostly differentiated by the increasing gaps between the amounts of wealth people have, unlike the past where it had more social hierarchies of clans and tribes. Some of the main industries in Mongolia today are food processing, leather goods, carpets, and mining (specifically coal), all of these industries were built under the old socialistic practice of the country. In the past, Mongolia’s main trading partner was the Soviet Union, now the country trades items like livestock, various animal products and metals with 25 different countries specifically its neighboringShow MoreRelatedMongolian Foreign Policy Main Principles1779 Words   |  8 PagesIn the countries stability that one of the major security concerns independence, sovereignty and territorial integrity that all together build state interest and it is very valuable for the countries especially small developing country same as Mongolia. In the beginning of 1990s Mongolia redefined its priority directions in their domestic and foreign policy within state interest as well as socia l and civilian interests to lead a complete national security concerns.1 The history of Mongolia in theRead MoreMongolian Mining Industry Development Trajectory1167 Words   |  5 Pages(2012-2015). In recent years, the economy of Mongolia has grown substantially due to its mining industry’s expansion and production, mostly owing to coal and copper exports. The country scores 75.0 for industry rewards, and it placed among traditional countries such as Australia and Indonesia. Mongolia scores 62.1 for country rewards, and it has a favorable investment climate by frontier market standards (BMI, Mongolia Mining Report, 2015, p. 25). However, the country needs to promote political stability