A Society and economy in transition

Bruun, Ole; Odgaard, Ole

essay

A Society and economy in transition

mongolia in transition • (22) • Published In 1996 • Pages: 23-41

By: Bruun, Ole, Odgaard, Ole.

Abstract
In this chapter from the book 'Mongolia in Transition,' the authors discuss the post-Soviet era economic and political changes in Mongolia, which began in 1990. The overnight change from a planned economy to a market economy involved the privatization of state and collective assets, and price and trade liberalizations. Lack of banks, adequate transportation, trade opportunities, and foreign aid were among some of the factors that have made the transition difficult and resulted in a precipitous decline in the country's economic productivity and living standards. The second part of the chapter focuses on domestic political developments since 1989, when the opposition party, the Mongolian Democratic Union, was formed. In the so-called peaceful revolution, parliamentary elections were held in 1990, a constitution ratified in 1992, followed by a new round of elections, and a presidential election in 1993. Opposition groups continue to demonstrate against corruption and put pressure on the still dominant old guard party, the Mongolian Peoples Revolutionary Party (MPRP). The authors also comment on the revival of Buddhism and Mongolia's developing relations with China.

Production and supply

Income and demand

Ownership and control of capital

External relations

Miscellaneous government activities

Form and rules of government

HRAF PubDate

2006