Mongolia’s economy is resource-driven, with mining, agriculture, and trade as key sectors. Market competition is growing, supported by foreign investment in minerals. Public policies focus on infrastructure development and economic diversification, though governance challenges persist. Regulatory frameworks are improving but face corruption and inefficiencies. Mongolian society is youthful and urbanizing, with a focus on entrepreneurship. Education access is improving, particularly in STEM fields, but rural areas face quality gaps. Healthcare is underfunded, with limited rural access. Climate vulnerabilities, including desertification and extreme weather, necessitate sustainable practices. Mongolia’s growth hinges on effective governance and diversification efforts.
