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Focus on the Inclusive Sustainable Growth of Mongolia - the Main Condition of Prosperity the Country in the System of the World Economic Relations

Journal: Bulletin of Baikal State University (Vol.28, No. 4)

Publication Date:

Authors : ;

Page : 627-631

Keywords : globalization; world economy; economy of Mongolia; infrastructure; transnational corporations; sustainable inclusive growth;

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Abstract

The article examines development trends of the world economy that is faced with a number of chronic and new problems impeding stable economic growth and sustainable inclusive development. This requires the implementation of a number of measures aimed at solving these problems on a supranational, global level. It is also necessary to encourage trade and investments and to support fair globalization geared towards sustainable comprehensive development. The author notes that Mongolia is well-paced to move into a group of highly developed countries, since it has rich natural resources, a young population, a developed infrastructure in the sphere of education and healthcare and, moreover, is located between two great countries - Russia and China (which form a new world center for economic development - BRICS). All of the above-mentioned can ensure the realization of its competitive advantages.

Last modified: 2019-04-04 13:02:00