Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions

Mines represent Mongolia’s present, while minds - broadly defined to include people and institutions - are its future. Current policies are excessively focused on preserving the mining-driven prosperity at the risk of future stagnation. Such complacency is ill-timed when climate change concerns a...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Ulaanbaatar 2020
Subjects:	VOLATILITY MACROECONOMIC POLICY PROCYCLICAL POLICY PRODUCTIVITY GROWTH MINING HUMAN CAPITAL NATURAL CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/273001600370275964/Mines-and-Minds-Leveraging-Natural-Wealth-to-Invest-in-People-and-Institutions http://hdl.handle.net/10986/34551

id	okr-10986-34551
recordtype	oai_dc
spelling	okr-10986-345512021-05-25T09:50:51Z Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions World Bank VOLATILITY MACROECONOMIC POLICY PROCYCLICAL POLICY PRODUCTIVITY GROWTH MINING HUMAN CAPITAL NATURAL CAPITAL Mines represent Mongolia’s present, while minds - broadly defined to include people and institutions - are its future. Current policies are excessively focused on preserving the mining-driven prosperity at the risk of future stagnation. Such complacency is ill-timed when climate change concerns and the COVID-19 shock require an acceleration of structural transformation. Mongolia faces deep-rooted, interrelated challenges: macroeconomic policy mistakes have amplified external shocks, an oligopolistic ownership structure and limited competition have led firms to become more inward-looking and less inclined to innovate, and gross underutilization of human capital - evident by an unprecedented exodus of young and educated workers to foreign countries - has eroded the foundation of a diversified economy. 2020-10-01T16:30:36Z 2020-10-01T16:30:36Z 2020-09 Report http://documents.worldbank.org/curated/en/273001600370275964/Mines-and-Minds-Leveraging-Natural-Wealth-to-Invest-in-People-and-Institutions http://hdl.handle.net/10986/34551 English Mongolia Country Economic Memorandum; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Ulaanbaatar Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum East Asia and Pacific Mongolia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	VOLATILITY MACROECONOMIC POLICY PROCYCLICAL POLICY PRODUCTIVITY GROWTH MINING HUMAN CAPITAL NATURAL CAPITAL
spellingShingle	VOLATILITY MACROECONOMIC POLICY PROCYCLICAL POLICY PRODUCTIVITY GROWTH MINING HUMAN CAPITAL NATURAL CAPITAL World Bank Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions
geographic_facet	East Asia and Pacific Mongolia
relation	Mongolia Country Economic Memorandum;
description	Mines represent Mongolia’s present, while minds - broadly defined to include people and institutions - are its future. Current policies are excessively focused on preserving the mining-driven prosperity at the risk of future stagnation. Such complacency is ill-timed when climate change concerns and the COVID-19 shock require an acceleration of structural transformation. Mongolia faces deep-rooted, interrelated challenges: macroeconomic policy mistakes have amplified external shocks, an oligopolistic ownership structure and limited competition have led firms to become more inward-looking and less inclined to innovate, and gross underutilization of human capital - evident by an unprecedented exodus of young and educated workers to foreign countries - has eroded the foundation of a diversified economy.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions
title_short	Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions
title_full	Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions
title_fullStr	Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions
title_full_unstemmed	Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions
title_sort	mines and minds : leveraging natural wealth to invest in people and institutions
publisher	World Bank, Ulaanbaatar
publishDate	2020
url	http://documents.worldbank.org/curated/en/273001600370275964/Mines-and-Minds-Leveraging-Natural-Wealth-to-Invest-in-People-and-Institutions http://hdl.handle.net/10986/34551
_version_	1764481143373037568

Mines and Minds : Leveraging Natural Wealth to Invest in People and Institutions

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