I recently visited Mongolia as part of an accreditation team of the Accreditation Council of Business Schools and Programs (ACBSP) doing a site visit on a leading Mongolian higher educational institution. The Mongolian Messenger reported some data on the Mongolian economy: GDP grew at 17.3 percent in 2012 and the unemployment rate fell from 13 percent in 2010 to 9 percent in 2011. Inflation was at 11 percent.
Mongolia is dealing with an interesting economic challenge - how to capture the benefits of the mineral-rich country as they make the transition towards capitalism? Could they effectively use their new wealth to build up their infrastructure and quality of life?
Mongolia has also to constantly maneuver between China and Russia and now increasingly with the multinationals interested in mineral exploration. This reality brings an interesting quality to MBA and other business students as they develop a unique global perspective - many of them speak multiple languages like Russian and Chinese and travel regionally. There is a strong Korean cultural influence too.
Mongolians are proud of their most famous leader - Chinggis Khaan. He is celebrated all across the country. They are also proud of an important product - cashmere garments.
Mongolia is dealing with an interesting economic challenge - how to capture the benefits of the mineral-rich country as they make the transition towards capitalism? Could they effectively use their new wealth to build up their infrastructure and quality of life?
Mongolia has also to constantly maneuver between China and Russia and now increasingly with the multinationals interested in mineral exploration. This reality brings an interesting quality to MBA and other business students as they develop a unique global perspective - many of them speak multiple languages like Russian and Chinese and travel regionally. There is a strong Korean cultural influence too.
Mongolians are proud of their most famous leader - Chinggis Khaan. He is celebrated all across the country. They are also proud of an important product - cashmere garments.
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