Competiveness rankings released
The World Economic Forum (WEF) has released its annual Global Competitiveness Report, which ranks 142 nations based on their ability to provide what the WEF calls “sustainable current and medium-term levels of economic prosperity.”
Mongolia ranks 96th this year, up from 117th in 2010. But B.Munkhsoyol of the Open Society Forum says Mongolia could do much better. He told our correspondent that, in some areas of the report, Mongolia’s rankings are poor. For example, Mongolia ranks 139th in both government waste and quality of roads.
He says the main reason Mongolia’s overall competitiveness ranking is improving is because the booming mining industry has resulted in a budget surplus and reduced foreign debt. He says Mongolia is squandering too much of its profits from the mining industry on politically popular programs like direct payments to citizens.
Mongolia ranks 96th this year, up from 117th in 2010. But B.Munkhsoyol of the Open Society Forum says Mongolia could do much better. He told our correspondent that, in some areas of the report, Mongolia’s rankings are poor. For example, Mongolia ranks 139th in both government waste and quality of roads.
He says the main reason Mongolia’s overall competitiveness ranking is improving is because the booming mining industry has resulted in a budget surplus and reduced foreign debt. He says Mongolia is squandering too much of its profits from the mining industry on politically popular programs like direct payments to citizens.
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