Modern Mongolia: From Khans to Commissars to Capitalists by Morris Rossabi

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(Paperback - New Edition)

  • Pub. Date: April 2005
  • 418pp
  • Sales Rank: 576,165
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    Product Details

    • Pub. Date: April 2005
    • Publisher: University of California Press
    • Format: Paperback, 418pp
    • Sales Rank: 576,165

    Synopsis

    Land-locked between its giant neighbors, Russia and China, Mongolia was the first Asian country to adopt communism and the first to abandon it. When the Soviet Union collapsed in the early 1990s, Mongolia turned to international financial agencies--including the International Monetary Fund, the World Bank, and the Asian Development Bank--for help in compensating for the economic changes caused by disruptions in the communist world. Modern Mongolia is the best-informed and most thorough account to date of the political economy of Mongolia during the past decade. In it, Morris Rossabi explores the effects of the withdrawal of Soviet assistance, the role of international financial agencies in supporting a pure market economy, and the ways that new policies have led to greater political freedom but also to unemployment, poverty, increasingly inequitable distribution of income, and deterioration in the education, health, and well-being of Mongolian society.
    Rossabi demonstrates that the agencies providing grants and loans insisted on Mongolia's adherence to a set of policies that did not generally take into account the country's unique heritage and society. Though the sale of state assets, minimalist government, liberalization of trade and prices, a balanced budget, and austerity were supposed to yield marked economic growth, Mongolia--the world's fifth-largest per capita recipient of foreign aid--did not recover as expected. As he details this painful transition from a collective to a capitalist economy, Rossabi also analyzes the cultural effects of the sudden opening of Mongolia to democracy. He looks at the broader implications of Mongolia's international situation andconsiders its future, particularly in relation to China.

    Foreign Affairs

    Mongolia was the first Asian country to adopt communism and the first to abandon it. Rossabi devotes the bulk of his book to the problems reformers have had since communism's collapse there. With the termination of crucial Russian economic support, free-market ideology, advanced by the International Monetary Fund, the World Bank, and the Asian Development Bank, replaced the old commitment to central planning. Mongolia was pressured to go the "shock therapy" route, and the resulting transition was rougher even than Russia's, with inflation as high as 325 percent and its vast state-owned enterprises transformed into 330 shareholding companies, 70 percent of which were owned by just 1,500 people. Still, although Rossabi argues that neither the central planners nor the free marketers appreciated the distinctive characteristics of an economy based on herding and animal husbandry, he ends by telling what amounts to a success story: through their skillful efforts, the Mongolian reformers brought their country into the international system. One has to admire the Mongolians as they struggle to reform (especially in the face of exceptionally cold winters that reduced the nation's livestock by some 10 million from 1999 to 2002). They have had problems with corruption, but they have also played well at democracy: after Rossabi finished his book, a national election threw out the rascals and gave power to the opposition.

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    Biography

    Morris Rossabi is Professor of History at the City University of New York and Adjunct Professor of East and Inner Asian History at Columbia University. Among his books are Governing China's Multiethnic Frontiers (2004), Bounty from the Sheep (2000), Voyager from Xanadu (1992), Khubilai Khan: His Life and Times (California, 1988), and China among Equals (California, 1983).

    Customer Reviews

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    Modern Mongolia: From Khans to Commissars to Capitalistsby Anonymous

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    December 08, 2005: The book's great strength is its ability to detail the twists and turns of foreign aid to Mongolia after the fall of communism. It is an essential read for anyone working in international development, and about time these institutions and their employees are held to account for their role. I agree, however, that the story of Mongolia is a story of a resilient people surviving, and in some cases thriving, against numerous obstacles. The destruction of the nomadic herding economy is disturbing, but yet again the capital, Ulaanbaatar, is a throbbing and dynamic place and one of the easiest places in Asia to start a business. The best response is to get involved in the economy and invest: you will find the people are open minded and friendly. Mongolia's geography will always be a huge hurdle to be surmounted.