globalEDGE Blog - By Tag: Mongolia

Valuable copper, gold, and coal deposits enticed international investors to put $1.4 billion into the Mongolian economy in 2010.  As production in China expands, Mongolia is well positioned geographically to capitalize on demand for raw materials.  Although small in terms of population, Mongolia saw its national currency (the tugrik) outperform any other global monetary unit over the last year.  Will this upward trend continue, or will Mongolia fail to capitalize on a promising opportunity for economic growth? 

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As it gets colder outside and we head into turtleneck and snow pant season, it’s a good time to start thinking about what you will get your loved ones for the holidays. Many retailers are preparing for the rush of shoppers, but the suffering economy is kind of raining on their parade. The economic downturn is affecting people all over the globe. In Mongolia, factory workers were ready for the demand of their stylish and cozy cashmere sweaters, but are finding that the demand is not what it used to be.

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