Category Archives: Economics

Guest Post: A quick reaction to the on-going Facebook conversations on Oyu Tolgoi agreement and the role of Mr Bayartsogt in signing it

Posted on March 28, 2018 by mendee

By Undariya Tumursukh The news that the Swiss are investigating the possible corruption case involving the former Finance Minister S. Bayartsogt (DP) and Rio Tinto has triggered some agitated discussion, including on Facebook, about Mr. Bayartsogt’s central role in concluding … Continue reading →

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Posted in Corruption, Foreign Investment, International Agreements, Mining, Oyu Tolgoi, Undariya Tumursukh | 1 Comment

Mongolian Mining Forum at PDAC 2018

Posted on March 5, 2018 by bulgan batdorj

By Bulgan B Mongolia has made a tradition of sending a delegation to PDAC every year in the last 8 years (at least this is as far as I recall).  Although, the odds of the same minister of mining attending … Continue reading →

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Posted in Canada, Erdenes Mongol, Mining, Mining, Sovereign Wealth Fund | Tagged | 1 Comment

SOMO Report “Mining Taxes”

Posted on February 1, 2018 by Julian Dierkes

By Julian Dierkes The Dutch Centre for Research on Multinational Corporations (SOMO) published a report focused on a whole list of issues related to financial and governance structures for the Oyu Tolgoi project. The report was written by SOMO’s Vincent Kiezebrink and … Continue reading →

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Posted in Canada, Corruption, EU, Foreign Investment, International Agreements, International Relations, JD Mining Governance, Mining, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

SOMO Report Preamble: Assumptions

Posted on February 1, 2018 by Julian Dierkes

By Julian Dierkes It struck me while reading the SOMO report on Oyu Tolgoi governance and tax structures that there are a number of big assumptions and elements in the Mongolian context that are not discussed explicitly, but that are … Continue reading →

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Posted in Foreign Investment, International Agreements, JD Mining Governance, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

Unequal Match: Mongolia versus Rio Tinto

Posted on February 1, 2018 by mendee

By Mendee Jargalsaikhan If one describes the bargaining game between Mongolia, a small and isolated resource-rich state, and Rio Tinto, a giant multinational corporation, through the Mongolian national pastime sport – wrestling, it is truly an unequal match between the … Continue reading →

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Posted in Economics, Foreign Investment, International Agreements, Mendee Jargalsaikhan, Mining, Mongolia and ..., Oyu Tolgoi | Tagged | Leave a comment

Mongolia at Davos 2018: Party like it’s 2009?

Posted on February 1, 2018 by marissa smith

By Marissa Smith In recent years, Mongolia has regularly sent a delegation to the World Economic Forum at Davos. This year was somewhat less eventful than some years, when President Elbegdorj himself attended and presided over a “Mongolia Night” and … Continue reading →

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Posted in China, Development, Economics, Environment, Environment, Erdenet, Foreign Policy, Infrastructure, International Cooperation Fund, International Relations, Mining, Mining, Mining Governance, Mongolia and ..., Oyu Tolgoi, Policy, Politics, South Korea | Tagged | Leave a comment

Guest Post: Agreement between Canada and Mongolia for the Promotion and Protection of Investments – a Glance at Its Nature, Significance and Features

Posted on December 10, 2017 by Julian Dierkes

By Bajar Scharaw On 8 September 2016, Canada and Mongolia signed an international Agreement for the Promotion and Protection of Investments (the Canada-Mongolia Investment Agreement). The Agreement entered into force on 24 February 2017 and created legally-binding obligations for both … Continue reading →

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Posted in Bajar Scharaw, Canada, Foreign Investment, Foreign Policy, International Agreements, Law, Trade | 2 Comments

Guest Post: Resource Governance Index Points to SOEs as Key Reform Target  

Posted on October 2, 2017 by Julian Dierkes

By N Dorjdari NRGI’s Resource Governance Index measures good governance in the extractives sectors of 81 countries. This year, Mongolia’s mining sector ranked 15th out of 89 assessed extractive sectors, with an overall score of 64 out of 100 points—a … Continue reading →

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Posted in Dorjdari Namkhaijantsan, Global Indices, Mining, Mining, Mining Governance, Sovereign Wealth Fund | Leave a comment

Norwegian Wealth

Posted on September 22, 2017 by Julian Dierkes

By Julian Dierkes One of my all-time favourite authors is 村上春樹. He rose to fame initially with his book, Norwegian Wood (ノルウェイの森). That was a reference to a Beatles song, of course. And thus the title of this post, combining literature, … Continue reading →

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Posted in Corruption, Democracy, Development, EITI, Governance, Mining, Mining Governance, Policy, Politics, Public Policy, Public Service, Sovereign Wealth Fund | Tagged | 1 Comment

What are Voters Looking For?

Posted on May 17, 2017 by Julian Dierkes

By Julian Dierkes The campaign for the Mongolian presidency has not entered its hot phase yet but candidates have been confirmed. When Enkhbold M (MPP) and Battulga Kh (DP) were selected, I already reflected on them, another post focused on … Continue reading →

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Posted in Corruption, Democracy, Democratic Party, Elections, Mongolian People's Party, Party Politics, Policy, Politics, Presidential 2017, Public Policy | Tagged | Leave a comment

Guest Post: Negative Income Tax I – Redistribution in Expanding Economies

Posted on May 16, 2017 by Julian Dierkes

By Ulrich Andree Note: This is the first of three articles. For the extended original article see LinkedIn. The forthcoming posts will focus on (dis)advantages of a negative income tax, and on the implementation of a negative income tax in … Continue reading →

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Posted in Demography, Development, Economics, Policy, Public Policy, Public Service, Social Change, Social Issues, Taxes, Ullrich Andree | Leave a comment

Guest Post: Negative Income Tax II – Advantages and Disadvantages

Posted on May 16, 2017 by Julian Dierkes

By Ulrich Andree Note: This is the second of three articles. For the extended original article see LinkedIn. The previous post focused on redistribution and the concept of an NIT. The final article will focus on the implementation of an NIT … Continue reading →

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Posted in Demography, Development, Economics, Health, Inequality, Policy, Public Policy, Public Service, Social Change, Social Issues, Taxes, Ullrich Andree | Leave a comment

Guest Post: Erdenet Update 100%, Again Contested

Posted on April 13, 2017 by Julian Dierkes

By Marissa Smith At the close of the fall session of the Ikh Khural, Mongolia’s Parliament, the body voted to invalidate the sale of the 49% shares of Erdenet carried out in summer 2016, which transferred the ownership of the … Continue reading →

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Posted in Corruption, Erdenet, Marissa Smith, Mining, Mining, Mining Governance, Policy, Politics | 3 Comments

Guest Post: Label of Erdenet ‘Nationalization’ Misleading

Posted on February 18, 2017 by Julian Dierkes

By Marissa Smith Many Fear Mongolian Government Decision Heralds Another Privatization, Securing of the Status Quo Possible Last week during an extra session after the final day of its fall session, Mongolia’s Parliament voted that the state acquire the share … Continue reading →

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Posted in Business, Corruption, Erdenet, Marissa Smith, Mining, Mining Governance, Policy | 21 Comments

What if Mongolia Went All-Organic?

Posted on December 9, 2016 by Julian Dierkes

By Julian Dierkes I recently re-tweeted an ADB tweet about one of their blog posts, “The Foreseeable Future of Mongolia’s Agriculture” So important to note that “#Mongolia’s agriculture […] is organic, less polluted” thus huge, high-value potential in East Asia.#yummy … Continue reading →

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Posted in Cashmere, Countryside, Development, Environment, Grassland, Infrastructure, Policy, Policy, Public Policy, Regulation, Tourism | Tagged | 5 Comments