Modern Mongolia: From Khans to Commissars to Capitalists / Edition 1

Modern Mongolia: From Khans to Commissars to Capitalists / Edition 1

by Morris Rossabi
     
 

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ISBN-10: 0520244192

ISBN-13: 9780520244191

Pub. Date: 04/25/2005

Publisher: University of California Press

Land-locked between its giant neighbors, Russia and China, Mongolia was the first Asian country to adopt communism and the first to abandon it. When the Soviet Union collapsed in the early 1990s, Mongolia turned to international financial agencies—including the International Monetary Fund, the World Bank, and the Asian Development Bank—for help in

Overview

Land-locked between its giant neighbors, Russia and China, Mongolia was the first Asian country to adopt communism and the first to abandon it. When the Soviet Union collapsed in the early 1990s, Mongolia turned to international financial agencies—including the International Monetary Fund, the World Bank, and the Asian Development Bank—for help in compensating for the economic changes caused by disruptions in the communist world. Modern Mongolia is the best-informed and most thorough account to date of the political economy of Mongolia during the past decade.
In it, Morris Rossabi explores the effects of the withdrawal of Soviet assistance, the role of international financial agencies in supporting a pure market economy, and the ways that new policies have led to greater political freedom but also to unemployment, poverty, increasingly inequitable distribution of income, and deterioration in the education, health, and well-being of Mongolian society.

Rossabi demonstrates that the agencies providing grants and loans insisted on Mongolia's adherence to a set of policies that did not generally take into account the country's unique heritage and society. Though the sale of state assets, minimalist government, liberalization of trade and prices, a balanced budget, and austerity were supposed to yield marked economic growth, Mongolia—the world's fifth-largest per capita recipient of foreign aid—did not recover as expected. As he details this painful transition from a collective to a capitalist economy, Rossabi also analyzes the cultural effects of the sudden opening of Mongolia to democracy. He looks at the broader implications of Mongolia's international situation and considers its future, particularly in relation to China.

Product Details

ISBN-13:
9780520244191
Publisher:
University of California Press
Publication date:
04/25/2005
Edition description:
New Edition
Pages:
418
Product dimensions:
6.00(w) x 9.00(h) x 1.25(d)

Table of Contents

Preface
List of Abbreviations and Acronyms
Prominent Mongolians in the Narrative
Map of Mongolia
1. Mongolia: A Peaceful Transition
2. From Russian to Western
Influence
3. Pressure for a Market Economy, 1990-1997
4. Political and Economic Dislocations, 1997-2004
5. Herders and the New Economy
6. Poverty and Other Social Problems
7. Culture and the Market Economy
8. A New Mongolia in a New World
9. Sino-Mongolian Relations
Afterword
Notes
Select Bibliography

Index

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