Mongolia's Battle With The Forces Of Globalisation
Mongolia is powering into huge economic growth. However with this tide shift comes great concerns over identity and wealth inequality, as many Mongolians are left behind.
"There used to only be bread and salt on our stalls. The transition has been very quick", explains Dagvadorj, one of Mongolia's richest businessmen. Of 3 million Mongolians, half live in the capital; there has been a rural exodus since a new consumerist way of life has emerged. While many have prospered as Mongolia grows rich, from globalisation, and inward investment; wealth inequality is exponent "with one third under the poverty level". A tale of two Mongolia's is emerging. As economist Danbadarjaa claims: "prosperity is not felt by every family". As Mongolia races forwards, for the "nomads crammed into the yurt slums that surround Ulan-Bator, poverty and alcoholism are rife" Tuul Saruula, claims. A fashion designer she signifies the new rich Mongolia. But as Mongolia develops, huge challenges remain.
