
Published online:
22 March 2012
Published in print:
25 April 2005
Online ISBN:
9780520938625
Print ISBN:
9780520243996
Contents
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Privatization and Shock Therapy, 1990–1992 Privatization and Shock Therapy, 1990–1992
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Moderation of Shock Therapy, 1992–1996: Stability and Corruption Moderation of Shock Therapy, 1992–1996: Stability and Corruption
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Critiques of Foreign Aid Critiques of Foreign Aid
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Foreign Organizations and the 1996 Elections Foreign Organizations and the 1996 Elections
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The Democratic Union in Power The Democratic Union in Power
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Chapter
3 Pressure for a Market Economy, 1990–1997
Get access
Pages
43–79
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Published:April 2005
Cite
Rossabi, Morris, 'Pressure for a Market Economy, 1990–1997', Modern Mongolia: From Khans to Commissars to Capitalists (Oakland, CA , 2005; online edn, California Scholarship Online, 22 Mar. 2012), https://doi.org/10.1525/california/9780520243996.003.0003, accessed 16 May 2025.
Abstract
As an economist and first deputy minister, Davaadorjiin Ganbold was eager for the involvement of the IMF, the ADB, and the World Bank. The IMF and the ADB sent groups to study the Mongolian economy and to interview Ganbold and other, like-minded economists. Ganbold and the ADB economists offered a useful description of Mongolia's economic problems as of 1991 and had a specific prescription for its ills: commercialization and privatization, which, they believed, would yield a more efficient system than a planned economy. The more rapid the privatization, the better it would be for the economy.
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