Mongolia's economy has been rising massively in Eastern Asia. They've transitions from a state-planned economy to a market economy, showing dynamic and consistent development. They are described as the 'Wolf Economy' for their impressive economic growth.

What is the secret behind their economy growht? Well, tThere has been a significant boost in real GDP growth, thanks to the booming coal and copper markets, a surge in foreign direct investment, and overall economic growth that has skyrocketed by over 10 times since the 1990s.

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Some of the footage used in this video is not original content produced by Macro Mates. Portions of stock footage were gathered from multiple sources.

#mongolia #economy #economics #macroeconomics #macromates

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