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Trade Policymaking in a Resource-rich Landlocked Country: The WTO Review of Mongolia

Sharma, Kishor and Davaakhuu, Oyunbadam (2015). Trade Policymaking in a Resource-rich Landlocked Country: The WTO Review of Mongolia. The World Economy,38(9):1350-1367.

Document type: Journal Article
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IRMA ID 81144320xPUB253
Title Trade Policymaking in a Resource-rich Landlocked Country: The WTO Review of Mongolia
Author Sharma, Kishor
Davaakhuu, Oyunbadam
Journal Name The World Economy
Publication Date 2015
Volume Number 38
Issue Number 9
ISSN 0378-5920   (check CDU catalogue  open catalogue search in new window)
Scopus ID 2-s2.0-84941172251
Start Page 1350
End Page 1367
Total Pages 18
Place of Publication United Kingdom
Publisher Wiley-Blackwell Publishing Ltd.
HERDC Category C1 - Journal Article (DIISR)
Abstract The aim of this paper is to provide a comprehensive assessment of the Trade Policy Review of Mongolia (TPRM) 2014. The TPRM 2014 demonstrates that the Mongolian economy is relatively open and it has very low formal trade barriers although there remain significant behind-the-borders barriers, including poor governance and infrastructure. Being a landlocked country, any major cross-border-price differences quickly results in informal trade with neighbouring China, limiting Mongolia's ability to pursue independent commercial policy. Mongolia's growth is not broad based and largely driven by the mining boom, making its economy highly vulnerable to external shocks. While this is not unique to Mongolia, and has been seen in many natural resource-abundant countries, experience suggests that countries with sound institutions and macroeconomic policies have overcome the so-called resource curse.
DOI http://dx.doi.org/10.1111/twec.12271   (check subscription with CDU E-Gateway service for CDU Staff and Students  check subscription with CDU E-Gateway in new window)
 
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