Mongolia

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Монгол улс Mongol uls Mongolia
Flag	Coat of Arms
Anthem: "Монгол улсын төрийн дуулал" National anthem of Mongolia[1]
Capital[1] (and largest city)	Ulan Bator 47°55′N, 106°53′E
Official languages[1]	Mongolian
Government[1]	Parliamentary republic
President	Nambaryn Enkhbayar
Prime Minister	Sanjaagiin Bayar
Formation[1]
National Foundation Day	1206
Bogd Khanate of Mongolia	29 December 1911
Mongolian People's Republic	24 November 1924
Democratic Mongolia	12 February 1992
Area[1]
Total	1,564,116 km² (19th) 603,909 sq mi
Water (%)	0.6
Population[1]
July 2007 estimate	2,951,786[2] (139th)
2000 census	2,407,500[3]
Density	1.7/km² (237th) 4.4/sq mi
GDP (PPP)[1]	2007 estimate
Total	$8.448 billion[4] (143th)
Per capita	$2,900[4] (130th)
Gini (2002)[1]	32.8 medium
HDI (2007)[1]	▲ 0.700 medium (114th)
Currency[1]	Tögrög (MNT)
Time zone[1]	(UTC+7 to +8)[5][6]
Internet TLD[1]	.mn
Calling code[1]	+976

Mongolia is a landlocked, Asian country between China and Russia.^[7] Although urbanization is occurring in Mongolia, there still exists numerous individuals who maintain their traditional lifestyle.

Contents 1 Culture 2 Economic Markets and Structures 3 Financial and Capital Markets 4 Special Marketing, Human Resources and Finance/Accounting Issues 5 Business Strengths and Weaknesses 5.1 Strengths 5.2 Weaknesses 6 References 7 External links

[edit] Culture

Main article: Political and Legal System of Mongolia

Mongolia is split between the executive, legislative, and judicial branch. The Prime minister and the President share executive power. The highest court is the Supreme Court with nine court justices. The Great State Kural composes legislative branch.

[edit] Economic Markets and Structures

Main article: Economic Markets and Structures of Mongolia

Mining is the biggest industry in Mongolia. In 2002, mining contributed to 32% on Mongolian exports and 50% of gross industrial output. Biggest concern is the infrastructure surrounding the mining industry.

Construction is the fast growing industry. Their are over 800 construction companies.

[edit] Financial and Capital Markets

Main article: Financial and Capital Markets of Mongolia

[edit] Special Marketing, Human Resources and Finance/Accounting Issues

Main article: Special Marketing, Human Resources and Finance/Accounting Issues of Mongolia

[edit] Business Strengths and Weaknesses

Main article: Strengths and Weaknesses of Mongolia

[edit] Strengths

• Free Range production practices (chemical free and environmental friendly)
• Farming culture and lifestyle
• Exports: copper, gold, and cashmere
• Strategically located next to China and Russia
• Economic freedom
• High literacy rate.
• Offer government grants and loans for education.

[edit] Weaknesses

• Rural populations are low and unstable
• Natural resource constraints
• Poor quality and delivery of products
• High unemployment
• High poverty
• High inflation
• Rely heavily on China and Russia

[edit] References

[edit] External links

• Wikipedia's Mongolia article
• CIA - The World Fact Book: Mongolia
• The U.S. Department of State: Mongolia
• The Library of Congress, A Country Study: Mongolia
• Travel Guide Mongolia: Mongolia