Mongolia

The country paper will have SEVEN major sections:

1. (1) Introduction – This section should identify your country, its geographic location, and provide a thesis statement that frames the mainarguments of your paper.
2. (2) Economic Dimension – This section should describe your country’s economy and economic institutions. For example, how effective are economic institutions such as the country’s stock market? How big is the economy? What does it produce? How wealthy is it (in quantitative terms)? How equal/unequal are incomes among the population? How much money does the country receive from foreign sources in the form of foreign aid, foreign direct investment, remittances from the diaspora, etc.? How globally connected is your country’s economy to other countries, and what factors have encouraged/discouraged that global integration? Would you conclude that the country has relatively high or relatively low transaction costs, and why? [In this section, and in most of the other sections, please compare your country to relevant other countries to make these numbers more tangible.]
3. (3) Political/Regulatory Dimension – This section should describe the country’s political and regulatory system, including its political institutions. For example, how “free” is it? Is it considered a fragile or failed state (and on what basis)? How would you describe the strength of its regulatory system for doing business? How strong is the country’s Rule of Law? How much corruption is present? What are some of the factors that have shaped the political and regulatory system in this country?
4. (4) Cultural/Communication Dimension – This section should describe the country’s national cultural norms andvalues. For example, what do the Hofstede measures tell us about culture and communication in this country? (Note that some countries may not have been studied using Hofstede’s dimensions; in this case, substitute other observations about the country’s culture.) How do people communicate in this culture? Are there particular ideologies that predominate? What factors have shaped the culture and communication environment in this country?
5. (5) Ecology Dimension – This section should describe your country’s ecological strengths and challenges. Forexample, what factors have shaped the ecological assets in this country? Has globalization threatened these assets? If yes, why – and if not, why not?
6. (6) Impact of Globalization on Workforce Demographics – This section should describe the age structure and migration experience of your assigned country. For example, how have the population pyramids changed for your assigned country between 1990, 2000, 2018? What is predicted for the country’s population pyramid for 2025? 2050? How many people are coming into this country versus migrating out of the country?
7. (7) Globalization’s Future Impact – Based on your outside research about your country, how do you think globalization will continue to

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impact your country in the next 5-10 years? What will be some of the major trends to follow? How will this impact the world of work in your country? Use your creativity and critical thinking here, and provide at least four specific conclusions about the impact of globalization on your country—now and in the future.

Text. The country paper should comprise 20 pages. You may embed tables/figures/charts/photos in your paper, but the total text (minus these visuals) should equate to the 15-20 pages of text (Times New Roman 12-point font double spaced, 1” margins).

Cover Sheet. A cover sheet (that does not count toward the page limit) should be used and should include the student’s name, assigned discussion section number, assigned country, and the student’s own title for the paper.

Citation. All work that you use directly or paraphrase must be cited explicitly. I care greatly that you reference your sources explicitly, but am flexible about which format you use, as long as you are consistent throughout the paper.

Answer preview

Mongolia is a landlocked country in north central Asia bordering Russia and China. China is to the south while Russia is to the north. The country’s capital is Ulaanbaatar and is in the north central part of the country. Mongolia is oval shaped measuring 2392km from west to east and a maximum of 1259 km from north to south. According to Maximovich (2004) the country has forested mountains in the north and desert depression in the south. The country acquired its full independence in 1990 with prospects of economic development and identity restoration (Bruun, & Odgaard, 2013). Most of the inhabitants of the country are Mongols, and a few belong to the non-Mongol ethnic groups. The country culture is intertwined to the cultures within some part of China the home for Majority of the Mongols. Mongolia is the most sparsely populated country in the world (The country has a population of 3.0 million in the 1.6 million square kilometers). Nearly half of the population lives in the country’s capital while the rest lives in the other provinces.

The country history is characteristic of livestock rearing as its primary economic activity. The Soviet Union however spurred industrialization whose significance remains up to date. The country established industries have a low level of diversifications. The industries depend more on natural resources, and there is few advanced manufacturing. Following the constant changes in the government, there is a lack of viable policies to encourage foreign domestic investment. Also, by being a landlocked country, the country has limitations to develop established ties with other countries apart from China and Russia. The state has state-owned enterprises (SOE) that inhibit the development of the private sector. The Mongolia stock exchange market is dedicated to building a strong capital market.

Mongolia has been under established reforms for privatization of the state-run economy. The property and the contractual laws in the country are recognized although there is limited capacity by the government to implement them. The political environment profoundly influences the rules that govern business interactions in the state. Following the continuous policy reforms making business decisions for foreign and domestic investors is challenging. However, some statistics rank Mongolia as the 74^th in 190 economies in the ease of doing business (Doing Business 2019). The country has different scores on the specific regulations such as property registration, tax payments among…

 

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