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Mongolia [b] is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of 1,564,116 square kilometres (603,909 square miles), with a population of 3.5 million, making it the world's most sparsely populated sovereign state .
[9] [10] Mongolia is in the process of transitioning from its status as a developing country to a nation with a developing economy. [11] [12] According to the Human Development Index, conditions in Mongolia have been improving in recent years, but its ranking on the Human Poverty Index has dropped further due to the privatization of the ...
In the late 1980s, the government began to improve links with non-communist Asia and the West, and tourism in Mongolia developed. As of 1 January 1991, Mongolia and the former Soviet Union agreed to conduct bilateral trade in hard currency at world prices. Despite its external trade difficulties, Mongolia has continued to press ahead with reform.
In the late 1980s, Mongolia was divided into three economic regions. The western region (Bayan-Ölgii, Khovd, Uvs, Zavkhan, and Govi-Altai aimags), with 21 percent of the nation's population, was predominantly agricultural. The western region had 32 percent of Mongolia's livestock and produced about 30 percent of its wool and meat.
It is used to distinguish whether the country is a developed, a developing or an under-developed country, and also to measure the impact of economic policies on quality of life. Countries fall into four broad categories based on their HDI: very high, high, medium, and low human development.
In that same year, Mongolia participated in the Seoul Olympic Games, making its final appearance as a communist nation. In 1989, Mongolian newspapers called for an "objective and realistic evaluation" of Mongolian–Soviet relations. [1] On 10 December 1989 (Human Rights Day), young people began demonstrating for political freedom in Ulaanbaatar.
Known for its whitewashed cliffs and crystal-clear waters, this little-known Mongolia site makes visitors feel more like they are in the Mediterranean than a remote corner of Asia. “Khyargas ...
Definitions of the poverty line vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. Even among rich nations, the standards differ greatly. Thus, the numbers are not comparable among countries. Even when nations do use the same method, some issues may remain. [10]