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Mongolia Seeks Balanced Growth to Avoid `Dutch Disease’ From Mining Boom
Mar. 08, 2011 08:44AM PST
Industrial MetalsBloomberg reported that Mongolia should seek a more balanced growth model for the country’s mining industry.
Bloomberg reported that Mongolia should seek a more balanced growth model for the country’s mining industry.
The market news is quoted as saying:
Mongolia needs to avoid developing “Dutch disease,” where the financial benefits of a resource boom lead to a hollowing out of other sectors, according to the World Bank.