The Stark Contrasts Of Mongolia's Economic Boom

Mongolia is in the middle of an economic boom. In the last ten years the GDP has more than doubled, and Marc Faber has said it could be the "Saudi Arabia of Asia" due to its tremendous mineral resources.

But all this growth hasn't come without problems, namely the "resource curse" where economies become unstable because of over reliance on one sector. Political problems are emerging, and neighbouring China's thirst for gold is leading to so-called "ninja miners" who work, dangerously and illegally, under the cover of darkness...

- Source, The Business Insider, read the full article here:

http://www.businessinsider.com/the-stark-contrasts-of-mongolias-economic-boom-2013-8