Abstract: Widespread poverty is a new phenomenon in Mongolia. It did not exist before the country embarked on the transition to a market economy. Indeed poverty is a product partly of external shocks but largely of the transition strategy, a consequence of the policies adopted to convert Mongolia from a centrally planned to a market-guided economy. And judging by the absence of measures to prevent or to contain poverty in the design of the transition strategy, the emergence of poverty as a major issue must have been unanticipated. Poverty caught the policy makers off their guard.
Publication Year: 1995
Publication Date: 1995-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 23
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