Бидний тухай
Багш ажилтан
Mongolian foreign direct investment is governed by the “Constitution”, “Foreign Investment Law” and other laws as well as international treaties to which Mongolia is a party. Mongolian FDI fell by 35.8% during 2010-2011, 43.52% during 2012- 2013, and 27.3% during 2014-2018. In recent years, there has been a trend of focusing foreign direct investment in the mining industry. As the inflow of foreign direct investment declines and the outflow increases, the economy still faces a series of problems, including foreign debt, budget deficits, exchange rates, and unemployment. This highlights the need to pay attention to the current investment environment and investment attractiveness policies, as well as appropriate policies that are in Mongolia’s interests. For this reason, it is still necessary to determine the prospects of foreign direct investment in Mongolia, the concentration of foreign direct investment in the non-mining sector, the implementation of foreign direct investment policy and its impact on the economy. Therefore, the purpose is to study and improve Mongolia's foreign direct investment policy.
Economic and trade cooperation is an important manifestation of global economic development and an inevitable choice for all countries to follow the trend. Since 1999, Mongolia and China have maintained close economic and trade cooperation, and China has become Mongolia’s largest trade and investment partner. Especially in 2013, since China proposed the “OBOR” initiative, it has brought new opportunities for Mongolia China economic and trade cooperation. Based on the research, the following conclusions are drawn: (1) The overall development trend of Mongolia China economic and trade cooperation is good, and it has experienced three stages of cooperation initial, cooperation development and cooperation deepening. (2) The economic and trade cooperation between Mongolia and China are highly complementary, and policy factors, legal environment factors, international environmental factors, social factors and economic factors have all had an important impact on Mongolia China economic and trade cooperation. (3) Through the empirical analysis of the influencing factors of Mongolia China economic and trade cooperation, it is found that the level of economic development, inflation rate, infrastructure, and total transportation volume have varying degrees of influence on the scale of Mongolia China trade and investment. Among them, the level of economic development, Population size, urbanization level, degree of opening to the outside world, infrastructure construction, and railway transportation mileage a significant role in promoting the scale of Mongolia China trade, while industrial structure, import tariffs, and inflation rate indexes all have negative effects. In addition, the level of economic development, inflation rate, infrastructure and transportation volume of the two countries have promoted Mongolia China investment cooperation, but inflation rate and unemployment rate have hindered it.
Economic and trade cooperation is an important manifestation of global economic development and an inevitable choice for all countries to follow the trend. Since 1999, Mongolia and China have maintained close economic and trade cooperation, and China has become Mongolia’s largest trade and investment partner. Especially in 2013, since China proposed the “OBOR” initiative, it has brought new opportunities for Mongolia China economic and trade cooperation. Based on the research, the following conclusions are drawn: (1) The overall development trend of Mongolia China economic and trade cooperation is good, and it has experienced three stages of cooperation initial, cooperation development and cooperation deepening. (2) The economic and trade cooperation between Mongolia and China are highly complementary, and policy factors, legal environment factors, international environmental factors, social factors and economic factors have all had an important impact on Mongolia China economic and trade cooperation. (3) Through the empirical analysis of the influencing factors of Mongolia China economic and trade cooperation, it is found that the level of economic development, inflation rate, infrastructure, and total transportation volume have varying degrees of influence on the scale of Mongolia China trade and investment. Among them, the level of economic development, Population size, urbanization level, degree of opening to the outside world, infrastructure construction, and railway transportation mileage a significant role in promoting the scale of Mongolia China trade, while industrial structure, import tariffs, and inflation rate indexes all have negative effects. In addition, the level of economic development, inflation rate, infrastructure and transportation volume of the two countries have promoted Mongolia China investment cooperation, but inflation rate and unemployment rate have hindered it.
Mongolian foreign direct investment is governed by the “Constitution”, “Foreign Investment Law” and other laws as well as international treaties to which Mongolia is a party. Mongolian FDI fell by 35.8% during 2010-2011, 43.52% during 2012- 2013, and 27.3% during 2014-2018. In recent years, there has been a trend of focusing foreign direct investment in the mining industry. As the inflow of foreign direct investment declines and the outflow increases, the economy still faces a series of problems, including foreign debt, budget deficits, exchange rates, and unemployment. This highlights the need to pay attention to the current investment environment and investment attractiveness policies, as well as appropriate policies that are in Mongolia’s interests. For this reason, it is still necessary to determine the prospects of foreign direct investment in Mongolia, the concentration of foreign direct investment in the non-mining sector, the implementation of foreign direct investment policy and its impact on the economy. Therefore, the purpose is to study and improve Mongolia's foreign direct investment policy.
