The U.S. and Canada are nearly surrounded by water -- and yet we both have healthy trades.
Look at Mongolia's economy and government in the last 50 years.
Why has Mongolia's economic growth been weaker than the economic growth of Taiwan and China?
I think because it is surrounded by land so it's harder to trade, and because of it only recently changed to a democratic gonverment.
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So. . . yes. .?
Mongolian exports per capita are much lower and their percent of individuals living below the poverty line is almost 30%. If you are asking for a more historic answer, I am not an expert but it is most likely caused by the various industries in both nations (one being herding and the other being the export of electronics as well as a major site for foreign investment)
www.nationmaster.com/country-info/compare/Mongolia/Taiwan/Economy
www.nationmaster.com/country-info/compare/Mongolia/Taiwan/Economy
well yeah and mongolia does have more of a market for minerals and livestock so that might be another reason?
5 answers