Social and Behavioral Sciences Commons^™

How Can Mongolia Avoid The Resource Curse?, Batbayar Baatarkhuu

English Language Institute

The resource curse paradox, i.e., that resource rich countries tend to have weaker economies than no-resource countries, causes challenges for low and middle-income countries, including Mongolia (Moran, 2013). To avoid the resource curse, Mongolia should undertake three policy measures: diversifying its economy, establishing a sovereign wealth fund and imposing import restrictions.