According to the International Monetary Foundation (IMF), the economies of the Asia-Pacific region are growing rapidly, and are expected to account for almost half of global GDP by 2030. However, sustainable, long-term economic growth requires a sound infrastructure network to facilitate the transportation of ideas and goods in the increasingly connected global economy, yet the […]
Tag: GDP
Minegolia: The Resource Curse
In 2011, a sparsely populated Central-East Asian nation rose to international prominence as the fastest growing economy in the world, with a monumental 17% growth rate in GDP. Yet, in as little as three years, growth in Mongolia has come crashing down to 5.3% amidst growing economic uncertainty and increasing inequality. What was behind this […]