Mongolia, N. Korea look to Russia Reply


Reposted from The Bangkok Post

Russia is favoured by Mongolia and North Korea just as the United States is welcomed by some of its Southeast Asian partners. At the same time, Mongolia and especially North Korea provide opportunities for Russia to raise its stakes in Northeast Asian matters.

Despite the collapse of the Soviet Union and relative inattention by the Kremlin in the 1990s, Ulan Bator and Pyongyang never abandoned their attempts to renew ties with Russia. High-ranking political and military officials constantly made calls to advance political, military, economic and cultural ties with Moscow. More…

Mongolia a ‘Battlefield’ for Business Methods; A clean slate, but what will be written? Reply

State Department Store in Ulaanbaatar

State Department Store in Ulaanbaatar

Reposted from GlobalAtlanta.com
By Trevor Williams

When Mongolia moved to a free-market economy in the early 1990s, it was a revolutionary shift.

For about seven decades, the country employed (endured?) the economic policies of the Soviet Union, its patron and closest partner. The fall of the Iron Curtain left a vacuum now being filled by a thriving, peaceful democracy, but shaking off the legacy of a planned economy has proven tough. More…