Students at Beijing Bayi High School in China. Photo: World Bank In 1950, the average working-age person in the world had  almost three years of education, but in East Asia and Pacific (EAP), the…

Michael Crawford |

In 2007, Mongolia’s economy grew at a double digit pace with modest inflation. The slump of the 1990s must have seemed a distant memory in the last full year before the elections in 2008. The…

Jim Anderson |

Today we look at 2006, the 16th year of the 25 year partnership between Mongolia and the World Bank. The economy continued to grow, checking in at 8.6% for the year, as did industry’s share of GDP…

Jim Anderson |

We are reviewing the 25 year partnership between Mongolia and the World Bank, one year at a time, and today we examine 2003.  GDP grew 7.0% that year, the highest growth rate since the transition…

Jim Anderson |

In the last three decades, East Asia has reaped the demographic dividend. An abundant and growing labor force powered almost one-third of the region’s per capita income growth from the 1960s to…

Axel van Trotsenburg |

Mongolia’s current economic situation is characterized by a combination of falling commodity prices and slowing growth. This heightens the need for the country’s social welfare system to protect…

Junko Onishi |

Co-authored with Cheryl Cashin, Senior Program Director, Results for Development   In the early 1990s, after 70 years of a socialist system, Mongolia transitioned to a market economy and embarked…

Aparnaa Somanathan |

In PDF: Korean | Khmer Every time I learn of another natural disaster – the people killed and injured, homes destroyed, livelihoods lost – I know we must act to reduce the tragic impact instead of…

Axel van Trotsenburg |

Those unfamiliar with the fast growing emerging economies of East Asia are likely to think that governments in these countries let market forces and capitalism roam free, red in tooth and claw.…

Truman Packard |

Mongolia’s mining revenues are set to soar in the coming years, but here people talk about the need to save for the future. Surely building infrastructure, educating young Mongolians, improving…

Gregory Smith |