Mongolia Economic Retrospective 2008-2010
Mongolia Economic Retrospective 2008-2010

Author: World Bank

Publisher: World Bank Publications

Published: 2010-10-12

Total Pages: 64

ISBN-13: 0821385488

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Mongolia was one of the East Asian economies hardest hit by the global downturn, as copper prices collapsed and external demand fell. This Economic Retrospective highlights the key economic, financial and policy developments in the country during the crisis and recovery over 2008 to 2010. In particular, it offers a closer look at the weaknesses in the economic structure and policy environment that lay at the heart of downturn, and which amplified the external shock due to the collapse in global commodity prices from mid-2008. The Retrospective offers valuable insights into how an inappropriate policy mix can culminate in macroeconomic instability. In Mongolia s case, a combination of expansive fiscal and monetary policy during the boom years, a de facto peg to the US dollar, and an overheating financial sector triggered a loss of confidence in the banking sector, large reserve losses and deposit flight, and caused a large fiscal and balance of payments shock that necessitated assistance by the IMF and other donors. Although the economy has rebounded since the end of 2009 and the successful negotiation of the Oyu Tolgoi (OT) mining project has helped transform the medium to long-term outlook, there remain sizeable policy challenges. In particular, the looming mining boom brings the risks of Dutch disease effects and a return to the profligate populism of the past. In the near term significant fiscal financing risks remain until revenues from OT are realized. In particular, this Retrospective discusses the need for continued fiscal consolidation and how the adoption of the planned fiscal stability law should help manage the upcoming mining boom. Meanwhile, ongoing solvency problems in the banking sector need to be resolved quickly and transparently to prepare the sector for the upturn in economic activity.

Chinese Foreign Relations with Weak Peripheral States
Chinese Foreign Relations with Weak Peripheral States

Author: Jeffrey Reeves

Publisher: Routledge

Published: 2015-10-08

Total Pages: 332

ISBN-13: 1317486498

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This book examines China’s relations with its weak peripheral states through the theoretical lens of structural power and structural violence. China’s foreign policy concepts toward its weak neighbouring states, such as the ‘One Belt, One Road’ strategy, are premised on the assumption that economic exchange and a commitment to common development are the most effective means of ensuring stability on its borders. This book, however, argues that China’s overreliance on economic exchange as the basis for its bilateral relations contains inherently self-defeating qualities that have contributed and can further contribute to instability and insecurity within China’s periphery. Unequal economic exchange between China and its weak neighbours results in Chinese influence over the state’s domestic institutions, what this book refers to as ‘structural power’. Chinese structural power, in turn, can undermine the state’s development, contribute to social unrest, and exacerbate existing state/society tensions—what this book refers to as ‘structural violence’. For China, such outcomes lead to instability within its peripheral environment and raise its vulnerability to security threats stemming from nationalism, separatism, terrorism, transnational organised crime, and drug trafficking, among others. This book explores the causality between China’s economically-reliant foreign policy and insecurity in its weak peripheral states and considers the implications for China’s security environment and foreign policy. This book will be of much interest to students of Chinese politics, Asian security studies, international political economy and IR in general.

Historical Dictionary of the World Bank
Historical Dictionary of the World Bank

Author: Sarah Tenney

Publisher: Scarecrow Press

Published: 2013-10-30

Total Pages: 455

ISBN-13: 0810878658

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This second edition of the Historical Dictionary of the World Bank shows the substantial progress the Bank has made, this mainly through the dictionary section with concise entries on its component institutions, related organizations, its achievements in various fields, some of the major projects and member countries, and its various presidents. The introduction explains how the Bank works while the chronology traces the major events over nearly 70 years. Meanwhile, the list of acronyms reminds us just who the main players are. And the bibliography directs readers to useful internal documentation and outside studies.

Frontier Encounters
Frontier Encounters

Author: Franck Billé

Publisher: Open Book Publishers

Published: 2012-08-01

Total Pages: 294

ISBN-13: 1906924872

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China and Russia are rising economic and political powers that share thousands of miles of border. Despite their proximity, their interactions with each other - and with their third neighbour Mongolia - are rarely discussed. Although the three countries share a boundary, their traditions, languages and worldviews are remarkably different. Frontier Encounters presents a wide range of views on how the borders between these unique countries are enacted, produced, and crossed. It sheds light on global uncertainties: China's search for energy resources and the employment of its huge population, Russia's fear of Chinese migration, and the precarious independence of Mongolia as its neighbours negotiate to extract its plentiful resources. Bringing together anthropologists, sociologists and economists, this timely collection of essays offers new perspectives on an area that is currently of enormous economic, strategic and geo-political relevance.

Mongolia Remade
Mongolia Remade

Author: David Sneath

Publisher:

Published: 2018

Total Pages: 0

ISBN-13: 9789462989566

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This book explores the historical and contemporary processes that have made and remade Mongolia as it is today: the construction of ethnic and national cultures, the transformations of political economy and a 'nomadic' pastoralism, and the revitalization of a religious and cosmological heritage that has led to new forms of post-socialist politics. Widely published as an expert in the field, David Sneath offers a fresh perspective into a region often seen as mysterious to the West.

After the Crash
After the Crash

Author: Sharyn O'Halloran

Publisher: Columbia University Press

Published: 2019-10-08

Total Pages: 454

ISBN-13: 0231549997

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The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global regulatory environment, ushering in a stream of new rules and laws to combat the perceived weakness of the financial system. While the global economy came back from the brink, the continuing effects of the crisis include increasing economic inequality and political polarization. After the Crash is an innovative analysis of the crisis and its ongoing influence on the global regulatory, financial, and political landscape, with timely discussions of the key issues for our economic future. It brings together a range of experts and practitioners, including Joseph Stiglitz, a Nobel Prize winner; former congressman Barney Frank; former treasury secretary Jacob Lew; Paul Tucker, a former deputy governor of the Bank of England; and Steve Cutler, general counsel of JP Morgan Chase during the financial crisis. Each poses crucial questions: What were the origins of the crisis? How effective were international and domestic regulatory responses? Have we addressed the roots of the crisis through reform and regulation? Are our financial systems and the global economy better able to withstand another crash? After the Crash is vital reading as both a retrospective on the last crisis and an analysis of possible sources of the next one.

Development Centre Studies Chinese Economic Performance in the Long Run
Development Centre Studies Chinese Economic Performance in the Long Run

Author: Maddison Angus

Publisher: OECD Publishing

Published: 1998-09-25

Total Pages: 196

ISBN-13: 9264163557

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The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.

The Modern History of Mongolia
The Modern History of Mongolia

Author: Charles R. Bawden

Publisher: Routledge

Published: 2013-10-28

Total Pages: 442

ISBN-13: 1136188290

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First published in 2004. The Mongols are one of the great peoples in the history of High Asia. Their name has been familiar over the whole of the old world for close on eight hundred years. Yet at the most generous estimate it would be anachronistic to speak of a Mongol state, in the modern sense of the word, as existing before the end of 1911. The imperial adventure under Genghis Khan and his successors left the Mongols exhausted and disunited politically, and in the seventeenth century they fell, piecemeal, under Manchu domination which continued for over two hundred years. This study looks at the Mongol society as it was during the comparatively static two centuries between the final submission to the Manchus in 1691 and the national revolution of 1911. The second part of the book describes the dynamic course of events since that revolution and more especially since the second, Soviet-inspired, revolution which began in 1921.