Critical Juncture in Mongolia

The country on Mongolia has experienced growth recently, with economic growth rates upwards of 10% the past three years in a row. This growth has been largely due to coal production and mining exploration associated with a project called Oyu Tolgoi. However, recently the sustainability of Mongolia's economic growth has been threatened.

An article titled "Mongolia's Economy is at a Crossroads" highlights the threats to economic growth in Mongolia. The article points to "nervous foreign investors, a drop in Chinese demand for coal, and uncertainty surrounding Oyu  Tolgoi" as challenges facing the economy. Mongolia's is now at what Acemoglu and Robinson would call a "critical juncture". The actions of the Mongolian citizens and leaders will determine whether they continue on the path of economic growth.