Mongolia : The Political Economy of the Resource Paradox, Synthesis Note
This report discusses Mongolia's increasing dependence on mining revenues and the associated vulnerability to boom and bust economic cycles, and calls for special attention to governance in mining resource management. It seeks to identify can...
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| Format: | Policy Note |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/09/16453627/mongolia-political-economy-resource-paradox-synthesis-note http://hdl.handle.net/10986/12715 |
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okr-10986-12715 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTABILITY MECHANISMS ACCOUNTING ALLOCATION ANNUAL BUDGET ANTI-CORRUPTION APPROPRIATE CHECKS ASSETS BANKING SECTOR BENEFICIARIES BEST PRACTICE BOOM-BUST CYCLE BRIBES BUDGET CONSTRAINT BUDGET EXECUTION BUDGET PLANNING BUDGET PROCESS BUDGETING CABINET CADASTRE CAPACITY-BUILDING CASH TRANSFER CASH TRANSFERS CHECKS CIVIL SERVICE CIVIL SOCIETY CIVIL SOCIETY ORGANIZATION COALITION GOVERNMENTS COALITIONS COMMODITY PRICES CONFIDENCE CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSTITUENCY CONSTITUENTS CORRUPTION CORRUPTION LAW COST-BENEFIT ANALYSIS DECISION-MAKING DECREES DEMOCRACY DEMOCRATIC INSTITUTIONS DEPOSIT DEPOSITS DISBURSEMENT DISCRETION DISTRICTS DOMESTIC CREDIT ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC GROWTH ELECTIONS ELECTORAL SYSTEM EXCHANGE RATE EXECUTION EXECUTIVE BUDGET EXECUTIVE BUDGET PROPOSAL EXTERNAL SHOCKS FINANCIAL CONSTRAINT FINANCIAL CRISIS FINANCIAL MANAGEMENT FISCAL BALANCE FISCAL DEFICIT FISCAL FRAMEWORK FISCAL RESOURCES FISCAL RULES FISCAL SUSTAINABILITY FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INTERESTS FOREIGN INVESTORS FOREIGN POLICY FOREIGN RESERVES FUND MANAGEMENT GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNMENT CONTROLS GOVERNMENT EQUITY GOVERNMENT OFFICIALS GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SUPPORT INFLATION INFORMATION SYSTEM INITIATIVE INSTITUTIONAL MECHANISMS INSTITUTIONAL REFORMS INSTITUTIONALIZATION INSTRUMENT INTERNATIONAL MARKETS INVESTMENT CLIMATE INVESTMENT CONTRACTS INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT SPENDING LACK OF TRANSPARENCY LAWS LEADERSHIP LEGAL ENVIRONMENT LEGISLATION LEVY LOCAL AUTHORITIES LOCAL CURRENCY LOSS OF CONFIDENCE MACRO-STABILITY MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET ECONOMY MEDIA MEDIUM-TERM OBJECTIVES MINISTRY OF FINANCE MONETARY POLICIES MP NATIONAL DEVELOPMENT NATIONAL INTEREST NATIONAL INTERESTS NATIONAL SECURITY NATIONALISM NATURAL RESOURCES NON-PERFORMING LOANS PARLIAMENT PARLIAMENTARIANS PARLIAMENTARY ELECTION PARLIAMENTARY VOTES PATRONAGE PENSIONS POLICY DECISIONS POLICY FORMULATION POLICY MAKERS POLICY MAKING POLICY OPTIONS POLITICAL ECONOMY POLITICAL INTERFERENCE POLITICAL PARTIES POLITICAL PLURALISM POLITICAL UNCERTAINTY POLITICIAN POLITICIANS POPULISM POVERTY REDUCTION PRIVATE SECTOR PROCUREMENT LAW PROVINCIAL LEVEL PUBLIC CONSULTATION PUBLIC EXPECTATIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT PUBLIC INTEREST PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC INVESTMENTS PUBLIC MONIES PUBLIC OFFICIALS PUBLIC OPINION PUBLIC POLICY PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR SPECIALIST PUBLIC SPENDING REFORM AGENDA REGULATORY FRAMEWORK RESOURCE CURSE RESOURCE FLOWS RESOURCE MANAGEMENT RETURN RETURNS REVENUE SHARING ROYALTY SERVICE DELIVERY SHAREHOLDERS SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL TRANSFERS SOCIALISM SOVEREIGNTY STATE BUDGET STATE OWNERSHIP STATE PARTICIPATION STOCK EXCHANGE TAX TAX REGIME TRANSITION ECONOMIES TRANSPARENCY VETO VOTING |
| spellingShingle |
ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTABILITY MECHANISMS ACCOUNTING ALLOCATION ANNUAL BUDGET ANTI-CORRUPTION APPROPRIATE CHECKS ASSETS BANKING SECTOR BENEFICIARIES BEST PRACTICE BOOM-BUST CYCLE BRIBES BUDGET CONSTRAINT BUDGET EXECUTION BUDGET PLANNING BUDGET PROCESS BUDGETING CABINET CADASTRE CAPACITY-BUILDING CASH TRANSFER CASH TRANSFERS CHECKS CIVIL SERVICE CIVIL SOCIETY CIVIL SOCIETY ORGANIZATION COALITION GOVERNMENTS COALITIONS COMMODITY PRICES CONFIDENCE CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSTITUENCY CONSTITUENTS CORRUPTION CORRUPTION LAW COST-BENEFIT ANALYSIS DECISION-MAKING DECREES DEMOCRACY DEMOCRATIC INSTITUTIONS DEPOSIT DEPOSITS DISBURSEMENT DISCRETION DISTRICTS DOMESTIC CREDIT ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC GROWTH ELECTIONS ELECTORAL SYSTEM EXCHANGE RATE EXECUTION EXECUTIVE BUDGET EXECUTIVE BUDGET PROPOSAL EXTERNAL SHOCKS FINANCIAL CONSTRAINT FINANCIAL CRISIS FINANCIAL MANAGEMENT FISCAL BALANCE FISCAL DEFICIT FISCAL FRAMEWORK FISCAL RESOURCES FISCAL RULES FISCAL SUSTAINABILITY FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INTERESTS FOREIGN INVESTORS FOREIGN POLICY FOREIGN RESERVES FUND MANAGEMENT GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNMENT CONTROLS GOVERNMENT EQUITY GOVERNMENT OFFICIALS GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SUPPORT INFLATION INFORMATION SYSTEM INITIATIVE INSTITUTIONAL MECHANISMS INSTITUTIONAL REFORMS INSTITUTIONALIZATION INSTRUMENT INTERNATIONAL MARKETS INVESTMENT CLIMATE INVESTMENT CONTRACTS INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT SPENDING LACK OF TRANSPARENCY LAWS LEADERSHIP LEGAL ENVIRONMENT LEGISLATION LEVY LOCAL AUTHORITIES LOCAL CURRENCY LOSS OF CONFIDENCE MACRO-STABILITY MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET ECONOMY MEDIA MEDIUM-TERM OBJECTIVES MINISTRY OF FINANCE MONETARY POLICIES MP NATIONAL DEVELOPMENT NATIONAL INTEREST NATIONAL INTERESTS NATIONAL SECURITY NATIONALISM NATURAL RESOURCES NON-PERFORMING LOANS PARLIAMENT PARLIAMENTARIANS PARLIAMENTARY ELECTION PARLIAMENTARY VOTES PATRONAGE PENSIONS POLICY DECISIONS POLICY FORMULATION POLICY MAKERS POLICY MAKING POLICY OPTIONS POLITICAL ECONOMY POLITICAL INTERFERENCE POLITICAL PARTIES POLITICAL PLURALISM POLITICAL UNCERTAINTY POLITICIAN POLITICIANS POPULISM POVERTY REDUCTION PRIVATE SECTOR PROCUREMENT LAW PROVINCIAL LEVEL PUBLIC CONSULTATION PUBLIC EXPECTATIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT PUBLIC INTEREST PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC INVESTMENTS PUBLIC MONIES PUBLIC OFFICIALS PUBLIC OPINION PUBLIC POLICY PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR SPECIALIST PUBLIC SPENDING REFORM AGENDA REGULATORY FRAMEWORK RESOURCE CURSE RESOURCE FLOWS RESOURCE MANAGEMENT RETURN RETURNS REVENUE SHARING ROYALTY SERVICE DELIVERY SHAREHOLDERS SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL TRANSFERS SOCIALISM SOVEREIGNTY STATE BUDGET STATE OWNERSHIP STATE PARTICIPATION STOCK EXCHANGE TAX TAX REGIME TRANSITION ECONOMIES TRANSPARENCY VETO VOTING World Bank Mongolia : The Political Economy of the Resource Paradox, Synthesis Note |
| geographic_facet |
East Asia and Pacific Mongolia |
| description |
This report discusses Mongolia's
increasing dependence on mining revenues and the associated
vulnerability to boom and bust economic cycles, and calls
for special attention to governance in mining resource
management. It seeks to identify can be learned from the
experiences of other mineral dependent countries that have
succeeded in converting their mineral endowment into broadly
shared growth, as well as from those that have not. A
challenge for the Bank is to be able to formulate good
reform solutions which fit the country's'
implementation capacity, and are flexible enough to respond
to changing country dynamics. The Bank could modify its
support better correspond to Mongolia's realities, such
as taking into account concerns that by entering into an
investment agreement, the government will lose the ability
to influence or veto decisions that negatively impact
national security. The report looks at the Public Investment
Program, focusing on the principles of development oriented
investments, and what this would imply across sectors, by
taking into account the policymaker's concern that
public procurement of public investment projects must
disburse quickly, so that procurement efficiency is improved. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mongolia : The Political Economy of the Resource Paradox, Synthesis Note |
| title_short |
Mongolia : The Political Economy of the Resource Paradox, Synthesis Note |
| title_full |
Mongolia : The Political Economy of the Resource Paradox, Synthesis Note |
| title_fullStr |
Mongolia : The Political Economy of the Resource Paradox, Synthesis Note |
| title_full_unstemmed |
Mongolia : The Political Economy of the Resource Paradox, Synthesis Note |
| title_sort |
mongolia : the political economy of the resource paradox, synthesis note |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2009/09/16453627/mongolia-political-economy-resource-paradox-synthesis-note http://hdl.handle.net/10986/12715 |
| _version_ |
1764421637915017216 |
| spelling |
okr-10986-127152021-04-23T14:03:04Z Mongolia : The Political Economy of the Resource Paradox, Synthesis Note World Bank ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTABILITY MECHANISMS ACCOUNTING ALLOCATION ANNUAL BUDGET ANTI-CORRUPTION APPROPRIATE CHECKS ASSETS BANKING SECTOR BENEFICIARIES BEST PRACTICE BOOM-BUST CYCLE BRIBES BUDGET CONSTRAINT BUDGET EXECUTION BUDGET PLANNING BUDGET PROCESS BUDGETING CABINET CADASTRE CAPACITY-BUILDING CASH TRANSFER CASH TRANSFERS CHECKS CIVIL SERVICE CIVIL SOCIETY CIVIL SOCIETY ORGANIZATION COALITION GOVERNMENTS COALITIONS COMMODITY PRICES CONFIDENCE CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSTITUENCY CONSTITUENTS CORRUPTION CORRUPTION LAW COST-BENEFIT ANALYSIS DECISION-MAKING DECREES DEMOCRACY DEMOCRATIC INSTITUTIONS DEPOSIT DEPOSITS DISBURSEMENT DISCRETION DISTRICTS DOMESTIC CREDIT ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC GROWTH ELECTIONS ELECTORAL SYSTEM EXCHANGE RATE EXECUTION EXECUTIVE BUDGET EXECUTIVE BUDGET PROPOSAL EXTERNAL SHOCKS FINANCIAL CONSTRAINT FINANCIAL CRISIS FINANCIAL MANAGEMENT FISCAL BALANCE FISCAL DEFICIT FISCAL FRAMEWORK FISCAL RESOURCES FISCAL RULES FISCAL SUSTAINABILITY FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INTERESTS FOREIGN INVESTORS FOREIGN POLICY FOREIGN RESERVES FUND MANAGEMENT GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNMENT CONTROLS GOVERNMENT EQUITY GOVERNMENT OFFICIALS GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SUPPORT INFLATION INFORMATION SYSTEM INITIATIVE INSTITUTIONAL MECHANISMS INSTITUTIONAL REFORMS INSTITUTIONALIZATION INSTRUMENT INTERNATIONAL MARKETS INVESTMENT CLIMATE INVESTMENT CONTRACTS INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT SPENDING LACK OF TRANSPARENCY LAWS LEADERSHIP LEGAL ENVIRONMENT LEGISLATION LEVY LOCAL AUTHORITIES LOCAL CURRENCY LOSS OF CONFIDENCE MACRO-STABILITY MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET ECONOMY MEDIA MEDIUM-TERM OBJECTIVES MINISTRY OF FINANCE MONETARY POLICIES MP NATIONAL DEVELOPMENT NATIONAL INTEREST NATIONAL INTERESTS NATIONAL SECURITY NATIONALISM NATURAL RESOURCES NON-PERFORMING LOANS PARLIAMENT PARLIAMENTARIANS PARLIAMENTARY ELECTION PARLIAMENTARY VOTES PATRONAGE PENSIONS POLICY DECISIONS POLICY FORMULATION POLICY MAKERS POLICY MAKING POLICY OPTIONS POLITICAL ECONOMY POLITICAL INTERFERENCE POLITICAL PARTIES POLITICAL PLURALISM POLITICAL UNCERTAINTY POLITICIAN POLITICIANS POPULISM POVERTY REDUCTION PRIVATE SECTOR PROCUREMENT LAW PROVINCIAL LEVEL PUBLIC CONSULTATION PUBLIC EXPECTATIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT PUBLIC INTEREST PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC INVESTMENTS PUBLIC MONIES PUBLIC OFFICIALS PUBLIC OPINION PUBLIC POLICY PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR SPECIALIST PUBLIC SPENDING REFORM AGENDA REGULATORY FRAMEWORK RESOURCE CURSE RESOURCE FLOWS RESOURCE MANAGEMENT RETURN RETURNS REVENUE SHARING ROYALTY SERVICE DELIVERY SHAREHOLDERS SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL TRANSFERS SOCIALISM SOVEREIGNTY STATE BUDGET STATE OWNERSHIP STATE PARTICIPATION STOCK EXCHANGE TAX TAX REGIME TRANSITION ECONOMIES TRANSPARENCY VETO VOTING This report discusses Mongolia's increasing dependence on mining revenues and the associated vulnerability to boom and bust economic cycles, and calls for special attention to governance in mining resource management. It seeks to identify can be learned from the experiences of other mineral dependent countries that have succeeded in converting their mineral endowment into broadly shared growth, as well as from those that have not. A challenge for the Bank is to be able to formulate good reform solutions which fit the country's' implementation capacity, and are flexible enough to respond to changing country dynamics. The Bank could modify its support better correspond to Mongolia's realities, such as taking into account concerns that by entering into an investment agreement, the government will lose the ability to influence or veto decisions that negatively impact national security. The report looks at the Public Investment Program, focusing on the principles of development oriented investments, and what this would imply across sectors, by taking into account the policymaker's concern that public procurement of public investment projects must disburse quickly, so that procurement efficiency is improved. 2013-03-14T14:05:33Z 2013-03-14T14:05:33Z 2009-09 http://documents.worldbank.org/curated/en/2009/09/16453627/mongolia-political-economy-resource-paradox-synthesis-note http://hdl.handle.net/10986/12715 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work East Asia and Pacific Mongolia |