Lessons from Mongolia’s Transition to the Market

Authors: Richard Marshall, Kh. Tsevelmaa

Source: United Nations Development Program Transition Conference


Keywords: economic reform, “big bang” transition, economic growth, socio-economic conditions, policy debate

Date: 2004-01-30

Mongolia, unlike other Asian Transitional economies, has since 1990 pursued a ‘shock therapy’ or ‘big bang’ transition to a market economy. This has entailed rapid liberalisation, deregulation, and mass privatisation, accompanied inter alia by stringent stabilisation policy


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