Finding Paths out of Poverty for Mongolia

Abstract

In this passage, the problem of poverty in Mongolia is discussed. And it suggests three solutions. The first hypothesis proposes using Zambia's experience in system development as a model for improving technology and the economy of Mongolia. The second hypothesis aims to lessen dependency on the mining industry by growing non-mining sectors, especially tourism. The third hypothesis suggests developing a satellite launch facility and offering services to nations like China and Russia in order to promote a knowledge-based economy. These hypotheses are supported by the argument's reasoning and supporting data. It highlights the necessity of technological development, international partnerships, and diversification to end poverty in Mongolia. With the correct policies and cooperation among stakeholders, sustainable development is possible, as the paragraph highlights