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Word Count: 666
Mongolians are proud of their old ways best personified by the leaderGenghis Khan the 13th century emperor whose horseback warrior conquered much of Asia and Eastern Europe Although mining and tourismgrowth portion of Mongolian economy a third of the population stilldepends entirely on husbandry for their livelihood The harsh wintersusually sends thousands of the people streaming into the capitalUlaanbaatar Still till this day the tented yurts crowd theneighborhoods on the citys image and life style struggle to fit intothe modern world The reason behind all this is because the country hasbeen under seven decades of communism rule Mongolia had aconstitutional overturn in the years of 1990-1992 which they led totheir first democratic change of Parliament Mongolia sits at the top oftreasures of copper coal and goal that is changing the fate and theface of the country The Chinese demand for natural resources have madeMongolia the fastest growing economy transforming the capitol into acity where Soviet bust meets Chinese boom In reality Mongolia is tinycompared to the big monopoly countys surrounding them the issue ofmining is at the forefront of the nation today I think everyone iswondering how it this will shape the future of the economy people andthe land Many people sat that Mongolia is blessed by geology but it is cursedby geography Land locked between China and Russia its people face ageographical quandary Every path to prosperity leads through theirmighty neighbors Moscow and Beijing seems to make Mongolia pay dearlyfor the privilege The reality a mining opportunity at Tavan Tolgoi inMongolia where the worlds largest untrapped coal only 140 miles fromthe Chinese boarder It seems clear that it would be right to work withChina since everything will be shipped their anyway The Mongolianofficials are no willing to give up so easily If they do agree to workwith China they would be willing to give up political power andMongolians are not willing to work with that idea The official openedthe opportunity to the world
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