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The economy of Mongolia has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Soviet assistance, at its height one-third of Gross domestic product (GDP), disappeared almost overnight in 1990 ...
Organization. Headquartered in Ulaanbaatar, Mongolia, the Mongolia Economic Forum is a non-governmental organization and was established in 2010. The NGO's highest governing body is the Board of Directors. Chairman of the Mongolia Economic Forum NGO is Пунцагийн Цагаан. Director of the Mongolia Economic Forum NGO is Lakshmi Bodsho.
The Windfall tax or windfall profits tax in Mongolia was a taxation on the profits made by mining companies operating in Mongolia. It was implemented in 2006 and was the highest windfall profits tax in the world. It was a tax on unsmelted copper and gold concentrate that was produced in Mongolia. The tax was repealed in 2009 and phased out over ...
The Mongolian embassy to the United States estimated the Mongolian population in nearby Arlington, Virginia, at 2,600 as of 2006; reportedly, they were attracted to the area by the high quality of public education—resulting in Mongolian becoming the school system's third-most spoken language, after English and Spanish; 219 students of ...
The United States has sought to assist Mongolia's movement toward democracy and market-oriented reform and to expand relations with Mongolia primarily in the cultural and economic fields. In 1989 and 1990, a cultural accord, Peace Corps accord, consular convention, and Overseas Private Investment Corporation (OPIC) agreement were signed.
The name Mongolia means the "Land of the Mongols" in Latin. The Mongolian word "Mongol" (монгол) is of uncertain etymology, given variously as the name of a mountain or river; as a corruption of the Mongolian Mongkhe-tengri-gal ("Eternal Sky Fire"); or as a derivation from Mugulü, the 4th-century founder of the Rouran Khaganate, first attested as the 'Mungu', (Chinese: 蒙兀, Modern ...
The structure of the national budget changed between 1940 and 1985. In 1940 some 34.6 percent of revenues came from the turnover tax (a value added tax on each transaction), 7.8 percent from deductions from profits, 16.7 percent from taxes on the population, and 40.9 percent from other kinds of income. In 1985 nearly 63 percent of revenues came ...
The American Center for Mongolian Studies ( ACMS) is a US registered 501 (c)3 not-for-profit, academic organization which promotes research and scholarship in Inner Asia, a broad region consisting of Mongolia and parts of China, Russia and Central Asia, including Inner Mongolia, Xinjiang, Buryatia, Tuva and eastern Kazakhstan .