Nasanbat Oyunbat

Mongolian Association for Sport Management

Key words: central-planned economy, market economy, social reforms, economic

reforms, sport management curriculum

Introduction

1. General review of the economic situation

Chinggis Khaan, Mongolian emperor and famous leader of last Millennium said

that it is easy to capture the world on the horse back but it is not easy to manage State after dismounting from a horse.

But how about the successors of Chinggis Khaan! Do we take well our historical

responsibility managing the country in our own?

Let us just compare with your neighbor, China. Chinese are more diplomatic or

they do what they told and instructed. But Mongolians are very individual…

Mongolia is a land-locked country in Central Asia, situated between Russia and

China. With its broad territory up to 604.250 sq. ml (1.565.000 sq. km) and few population about 2 million 475.4 thousand Almost 90% of Mongolia is pasture, desert and mountains. 10% of the land is covered by forests. About 1% of the land is sustainable for agriculture.

Mongolia is a unitary state with a parliamentary type of government. Almost every Mongolian learned in secondary school that any society goes according to the life cycle

theory. But the big question for the country’s economy is whether that life cycle is open or sealed. Before 1990 Mongolia had a fully state-owned economy and 70 years of communist one-party rule. Mongolia has moved into the new Millennium with ten year’s experience of social and economic reform and major concerns about the direction in which the economy is heading.(Download)