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Infographic October 30, 2020

Mines and Minds

Mongolia’s economy has grown fast since 2004 but been increasingly reliant on mining-led growth, saving a measly 1 cent per dollar of mineral output. Meanwhile, human capital has been underutilized and institutional capital has eroded. To break this cycle, Mongolia should use its mineral wealth to invest in human capital and institutions, while gradually reducing its dependence on minerals. Check out the infographic to learn more.