Saturday, June 15, 2013

Mongolia: Proving the Naysayers Wrong

Mongolia: Proving the Naysayers Wrong | The Diplomat | The Diplomat
Despite predictions, Mongolia is proving a persistent, if flawed, democracy.
Observers say he is a sure thing. His party hopes he is. In what is a three-way competition, Mongolian President Tsakhia Elbegdorj will be seeking to retain power in the presidential election scheduled for June 26, keeping his Democratic Party the dominant force in government at least until the next legislative election.
His main rival is Bat-Erdene, of the opposition Mongolian People's Party. But Elbegdorj is the tried and tested candidate whose political career dates back to the country's democratic beginnings, when he helped launch a democratic revolution in 1990. He’s been prime minister twice, non-consecutively, and is a proponent of foreign investment to keep the Mongolian economy growing.
“The president has to defend his record of the last four years,” says Badral Munkhdul, owner of media group Cover Mongolia.
A mining boom has helped Mongolia achieve tremendouseconomic growth since Elbegdorj took office in 2009. Exports of coal and copper to China have been the chief driver of GDP growth, which clocked in at 17.5 percent in 2011 and reached 12.3 percent in 2012. But the benefits have exacerbated the gap between rich and poor, leaving many resentful of the industry. READ MORE

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