Mongolia Seeks to Contain Rising Popular Anger Over Resource Boom

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. However, popular anger is growing as fast as the economy. Despite the “gold rush,” the poverty rate increased between 2008 […]

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