With the advent of perestroika and glasnost in the former Soviet Union and Eastern Europe, and their own dissatisfaction with the socialist economic model, Mongolia has chosen to open its economy to a range of reforms. This work studies the changes which began in 1986 and gained momentum in 1991 to elect a new government. The work reviews Mongolia's economic past and focuses on recent transformations. It includes detailed time series data on economic and social indicators.
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