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Mongolia Seeks to Contain Rising Popular Anger Over Resource Boom

Geoff Bell Wednesday, July 25, 2012

A remarkable transformation is underway in a country where most people were nomadic herders a generation ago.

Mongolia has the fastest-growing economy in the world, with GDP increasing by more than 17 percent last year. It sits on vast precious metal and mineral resources: The 10 biggest deposits alone are estimated to be worth almost $1.5 trillion. Given all this wealth in a country of only 3 million people, Mongolia has the potential to become an Asian version of Norway. ...

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