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globalEDGE Blog - By Tag: country-specific
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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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After 42 years as the world’s second biggest economy, Japan officially fell behind neighboring China in 2010. Many projections indicate that China will go on to surpass the United States as the world’s largest economy by the year 2025.
It is hardly surprising that the world’s most populated country would pass its tenth largest. Japan maintains a significant lead on China when population is accounted for in per-capita measures of wealth. Regardless, this does draw attention to recent economic struggles in Japan. Several indicators of the nation’s economic well-being have recently fallen and Standard & Poor’s went as far as to downgrade the Japanese credit rating from AA to AA-.