Mongolia's mining wealth is cause for concern
"Mongolia is a young nation!" "Mongolia has just discovered that it is actually rich!" "Mongolia is in line to become another Kuwait or Saudi Arabia!" These sentences seemed to resurface in conversations with residents of UlaanBaatar during my brief visit last month. The conversations were about Mongolia's mining wealth, and the booming interest from international governments and multinational corporations.
The common theory, or hope, expressed to me by those working in the mining industry and in government-related jobs was that through the tax income and the infrastructure investments made by these mining companies, the quality of life in Mongolia would improve for everyone.… Seguir leyendo »