Title: Mongolia: policy for growth or innovation

Authors: L. Lkhanyam, Kh. Enkhtsetseg, Rosalind Chew

Addresses: Mongolian Labour Institute, Ulaanbaatar-46, PO-94, Mongolia. National Productivity and Development Centre, Ulaanbaatar-46, PO-869, Mongolia. Nanyang Business School, Nanyang Technological University, Singapore

Abstract: Mongolia is situated in Central Asia between two huge countries, Russia and China. The country has a large territory, but its population is small and the basic economic sectors are nomadic livestock and mining factories. In 1990, the country shifted from being a centrally planned economy to a market-oriented economy and, consequently, the economy is becoming more open. But the Mongolian economy has not performed well. In fact, employment has been falling and labour market expectations are very poor. In order to solve the problem of unemployment, it is necessary for Mongolia to increase the rate of growth. One way is to increase foreign investment. It is suggested that, in order to achieve high growth, Mongolia should take advantage of the economies of China and Russia in just the way that Singapore has taken advantage of the world economy, and Mexico has of the USA.

Keywords: innovation system; innovator; organisation; environment; policy direction; structural dynamic; potential dynamic; expected stabilisation; Mongolia.

DOI: 10.1504/IJEIM.2003.003280

International Journal of Entrepreneurship and Innovation Management, 2003 Vol.3 No.3, pp.303 - 313

Published online: 07 Aug 2003 *

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