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Country Profile: Mongolia
Fact FileCapitalUlan BatorOther CitiesKhovd, Uvs, Khentii, Dornod, Bulgan, Dundgovi, Orkhon,Official languageMongolianAreaTotal 1,564,115.75 km2Population(2009est) 2,951,000CurrencyTogrog |
Overview
Mongolia is a landlocked country in East and Central Asia. It borders Russia to the north and People's Republic of China to the south, east and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only a few miles from Kazakhstan's eastern tip as well.
Languages and Dialects
Khalkha Mongolian is the official language in Mongolia, which uses the Cyrillic alphabet, and is spoken by 90% of the population. A variety of different dialects are spoken across the country. In the west the Kazakh and Tuvan languages, among others, are also spoken. English and Russian are the other most spoken languages in Mongolian and Korean as well, being that a vast number of Mongolians work in South Korea. Japanese and Chinese are also widely spoken, as they have strong business relations with Mongolia. Furthermore, German, French and Italian are also widely spoken by many Mongolians, as they wish to work in Europe.
Business Development
The economy of Mongolia is centered one two main industries, agriculture and mining. Mongolia has rich mineral resources, and copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. There are currently over 30,000 independent businesses in Mongolia, despite being home to the world's smallest stock exchange. Thanks to newly placed government economic reform policies, Mongolia has been able to steadily raise their GDP, therefore strengthening their economy
Technological Advancements
There has been much recent development in the communications industry for Mongolia, some technology companies from nearby countries, such as South Korea and the People's Republic of China, have started to open offices in Mongolia. A number of telecommunications companies and internet service providers have been established resulting in greater competition in the internet and phone market, especially in cell phones like Mobicom Corporation and Magicnet, that are the largest cellphone and ISP operators in Mongolia respectively.
Cultural Heritage
The main holiday festival of Mongolia is Nadaam, which has been organised for centuries, it consists of three Mongolian traditional sports, archery, horse-racing (over long stretches of open country, not the short racing around a track practiced in the West), and wrestling. Nowadays it is held on July 11 to July 13 in the honour of the anniversaries of the National Democratic Revolution and foundation of the Great Mongol State. Another very popular activity called Shagaa is the "flicking" of sheep ankle bones at a target several feet away, using a flicking motion of the finger to send the small bone flying at targets and trying to knock the target bones off the platform. This contest at Naadam is very popular and develops a serious audience among older Mongolians.
Future Outlook
In the future, Mongolia looks to expand its economy and infrastructure, especially in the fiels of telecommunications and tourism. Mongolia also will look to continue the success that their economy and GDP have had over the past decade. They will also look to become an Asian leader in the telecommuncations industry and they are well on track to do so.
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