Online shopping apps: Alibaba was the first eCom company to realize the imp...
2020-07-28 1 ENGLISH REPORTS
The narrative presented by Byambajav Dalaibuyan and Julian Dierkes in Chapter 7 gives a less favorable picture than is suggested by these indicators. The analysis highlights a declining trust in Mongolia in the country’s institutions, and a political system presided over by a powerful party duopoly. Recurring fnancial scandals exposed by the country’s independent journalists are symptomatic of these problems (and of the vigor of social media). These problems are particularly contentious during economic downturns, such as the one under way that followed a mining boom. The continued resilience of the political system was demonstrated by the government navigating the stringent conditions attached to a large IMF adjustment program without any major political upheavals.
Nevertheless, unlike other successful reformers, the current and earlier crisis episodes have not been used as an opportunity to initiate major durable reforms. It remains to be seen whether political reforms can be introduced that both act as a stronger deterrent to corruption and facilitate the entry of political actors who are better able to represent the evident discontent with the status quo. Sectoral growth and structural change Mongolia’s sectoral growth and structural change refect the interplay of several factors, including economic development, the economic transition period (especially the 1990s), seasonal conditions, mineral discoveries and exploitation, the PRC’s economic growth, and specifc policy interventions.
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