Chapter

Afterword

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/9780520243996.003.0010
Afterword

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In 1990, for the first time in three hundred years, Mongolia had the opportunity to move toward independence and democracy. From 1691 to 1911, the Qing dynasty and Chinese merchants had imposed a harsh, oppressive rule on Mongolians, and from 1921 to 1990, the Soviet Union dominated the country. The collapse of the USSR offered the Mongolians a chance to chart their own course. The IMF, World Bank, Asian Development Bank, U.S. Agency for International Development, and Japan International Cooperation Agency, the Japanese International Cooperation Agency, sought to foster democracy and a market economy, conflating the two and promoting free market shock therapy. In their ardent support for privatization, liberalization of prices and trade, minimal government, a balanced budget, and austerity, they occasionally impeded the Mongolians' efforts to achieve the independence and democracy they cherished.

Keywords: Chinese merchants; USSR; Mongolia; Qing dynasty; Soviet Union; democratic process; IMF; World Bank; market economy

Chapter.  2001 words. 

Subjects: Asian History

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