Amid important elections and transitions taking place this year in different parts of the world, it is easy to overlook the parliamentary election to be held in Mongolia on June 28. On that day, the country will choose its next government in one of the most consequential elections in its recent history. Consequential because―in a country with a 30 percent poverty level―the new government will be asked to manage the unprecedented revenues expected from its mining wealth in such a way as to benefit the many, not the few. As experiences elsewhere have shown, bad governance and mining wealth have rarely been a good mix for the fortunes of a developing resource-rich country. In the coming years, the challenge for Mongolia’s newly elected leaders and the country as a whole will be to rise to the occasion and not squander the opportunity presented to bring prosperity to its citizens, strengthen the economic underpinning for a sustainable democracy, and consolidate its international status.Full Article: What is at Stake in Mongolia's Election? | Brookings Institution.
Jun 27 2012