Mongolia Opens Doors for Foreign Investment Foreign investment in Mongolia's mining sector – coal, copper, gold and more – is fueling rapid growth. Like other developing nations, Mongolia wrestles with how to control the development and spread wealth throughout a dispersed population of 2.7 million in sustainable ways rather than passing it on to a handful of elites or creating a welfare state, explains journalist Steven Borowiec. He points out that Mongolia has long been squeezed by Russian and Chinese interests: China is the largest trade partner and investor for the former Soviet satellite, making it tough for Mongolia to compete. So far, job growth for Mongolians has not kept pace with revenues earned by the government from foreign investment; poverty, urbanization and inflation contribute to social problems.... More News... What Does Gaddafi's Fall Mean for Africa? Mahmood Mamdani Al Jazeera, 21 October 2011 Systems that fail to reform can expect bitter insiders to seek outside intervention Foreigners' Sweetener: Buy House, Get a Visa Nick Timiraos The Wall Street Journal, 21 October 2011 Trying to avoid a McMansion fire-sale, the US lures wealthy foreign investors The New Geopolitics of Food Lester R. Brown Foreign Policy, 18 October 2011 As prices soar, the world is losing its ability to deal with food shortages So Many US Manufacturing Jobs, So Few Skilled Workers Lucia Mutikani Reuters, 17 October 2011 Rejecting skilled trades, American students ignore demands of the job market |
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