Author Description

Product DescriptionGrowing disenchantment with the socialist economic model, the breakdown of the Council for Mutual Economic Assistance bloc, and the advent of perestroika and glasnost in the former Soviet Union and Eastern Europe, form the basis for Mongolia's decision to open its economy and implement a range of economic reforms. In its current effort towards structural change, Mongolia's government has adopted a comprehensive series of reforms aimed at dismantling the central planning system and establishing a market-based economy. The process started in 1986 and gained momentum with the 1990 election of a new government.Mongolia: A Centrally Planned Economy in Transition is based mainly on the findings of the Asian Development Bank's first economic mission to Mongolia. The study begins with a comprehensive review and analysis of Mongolia's economy over several decades. It then focuses on the economic reforms undertaken since the mid-1980s to transform the economy from a centrally planned system to a market-driven system. Detailed time series data on economic and social indicators are included.Review`It is the most complete survey of the economy which has ever been assembled.' Asian-Pacific Economic Literature`impressive survey... `Transitologists' will find much basic data and sound analysis in this book' Economics of Transition`This is an enormously valuable book because it provides the most comprehensive and reliable background to date for understanding why newly democratic Mongolia is in a deep recession... very easy to consult, with a comprehensive list of contents, many sub-headings and cross-references, and written in a clear and concise style... this is a book that scholars and the many people who have a professional interest in Mongolia today will value for its charts, tables and clear picture of the macroeconomy and sectoral assessments of the country.' China QuarterlyAbout the AuthorThe Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic and social development in Asian and Pacific countries through loans and technical assistance.