National University of Mongolia and the consortium of Management Economics research organizations

1.Background/Rationale

The Mongolian economy has been growing at an unprecedented rate, with annual GDP growth results of 17.5%, 12.3% and 11.7% in 2011, 2012 and 2013 respectively. Mongolia was included in CNN’s list of top 5 countries based on Investment/GDP ratio. The mining sector is the main contributor to Mongolia’s economic growth and increased living standards. As a result, researchers and policymakers are facing a myriad of issues related to mining income management. Of these, the main focus is correctly managing mining related income and costs in order to accomplish the following:

• Use the mining sector’s growth to facilitate growth in other economic sectors, undergo business diversification and utilize effective macro level economic management
• Use mining revenue as a source of investment
• Improve the institutional environment, facilitate legal reform, and optimize government participation.

In order to find a theoretical and practical, research based solution, we need to learn from international examples and consolidate the knowledge and opinions of various researchers and policymakers. With this goal in mind, the National University of Mongolia and the consortium of Management Economics research organizations are holding an international research conference on the 16^th of May, 2014.

2.Objectives/Goals

The main objective of this conference is to provide Mongolian researchers and policymakers with relevant information based on international management examples as well as to present the research and findings of studies done on this particular topic.

3.Conference date/location

The conference will take place on the 16^th of May, 2014 at the Corporate-2 Hotel in the 1, 2^nd conference halls.

4.Conference Structure

The conference will be an all-day event on the 16^th of May, 2014, beginning with presentations from our guest presenters.

We will hear presentations on the following topics by both foreign and national researchers:

• Economic policies to promote growth in other sectors based off of the mining sector’s growth
• Strategic planning for development and the private sector
• Introduction of large scale mining projects (mining, infrastructure, heavy industry)
• Institutional research, business development issues, strategic planning, diversification, economic policy, legal reform
• Macroeconomic, development issues
• Statistics, GDP calculation (related to mining sector)
• Population movement, National workforce, its quality
• Policy research, mathematic modelling
• Use of Mining revenue as a source of investment
• Mining project management
• business management
• foreign trade logistics, mining project based bonds, issuing stocks, bank loans
• mineral resource reserve evaluation, auditing
• mining project evaluation, auditing
• mining project investment calculation
• taxation, project management

5. Participants

Researchers and academics from the National University of Mongolia, the Institute of Finance and Economics, World Bank, Asian Development Bank, European Bank for Reconstruction and Development, Bank of Mongolia, Ministry of Mining, Ministry of Finance, Ministry of Economic Development as well as representatives from both the private and public sector along with masters and Ph.D students will take part in the conference. The main presenters at the conference are Dr. Hosoi, senior advisor to the Japanese International Cooperation Agency, on the economic policies of mineral rich developing countries and diversification, Dr. Fay Rola-Rubzen, deputy dean of the Curtin University’s business school, on the impact model between Australia’s economic and mining sectors and economic policy reform, and Dr. Hanselmann, project director of GIZ IMRI, on the outcomes and experiences of mining based business opportunities. There will also be over 10 presentations conducted by the top Mongolian economics and business researchers.

• Conference Organizers

The conference will be organized by Mongolian Business University, the National University of Mongolia’s Business School, as well as the National University of Mongolia’s Economics department on behalf of the consortium of Management Economics research organizations. Before the conference, there will be seminars held on May 13-14, 2014 on the development and growth policies of mineral rich countries. After the seminar, there will also be a tour to Umnugovi province’s Tavan Tolgoi and Oyu Tolgoi mining development projects from May 17-19, 2014.