Mongolia's Economic Security: How can Economic Development Further Support Mongolian National Security through Developing its Mining Sector
US Army Command and General Staff College Fort Leavenworth United States
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A strong economy is the pillar of an effective national security strategy and an instrument of national power. Mongolias geographic position between two political and economic powers China and Russia provides both opportunities and disadvantages for Mongolias economy. Mongolias economy is currently sustained through exports of raw minerals to its neighboring countries, which means Mongolia is vulnerable to the mineral market values of those countries. Moreover, highly ambitious natural resource extraction hinders other potentially productive domestic economic manufacturing sectors, which impacts Mongolias overall economic development. Therefore, Mongolia needs to develop a multi-pillared, sustainable economic structure based on its resources under a strategic institutional management. This thesis argues that economic and national security are inseparable. Therefore, Mongolia must leverage and develop its mining sector to bolster its economic security, further enhancing its national security. The author stresses the importance of developing an economic security strategy in Mongolia and recommends ways to accomplish this.
- Economics and Cost Analysis