Chapter

Pressure for a Market Economy, 1990–1997

Morris Rossabi

in Modern Mongolia

Published by University of California Press

Published in print April 2005 | ISBN: 9780520243996
Published online March 2012 | e-ISBN: 9780520938625 | DOI: http://dx.doi.org/10.1525/california/9780520243996.003.0003
Pressure for a Market Economy, 1990–1997

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As an economist and first deputy minister, Davaadorjiin Ganbold was eager for the involvement of the IMF, the ADB, and the World Bank. The IMF and the ADB sent groups to study the Mongolian economy and to interview Ganbold and other, like-minded economists. Ganbold and the ADB economists offered a useful description of Mongolia's economic problems as of 1991 and had a specific prescription for its ills: commercialization and privatization, which, they believed, would yield a more efficient system than a planned economy. The more rapid the privatization, the better it would be for the economy.

Keywords: Davaadorjiin Ganbold; IMF; World Bank; ADB economists; commercialization

Chapter.  14176 words. 

Subjects: Asian History

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