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chaagii 02/02/2011 12:52 AM Report
I agree with MongCon, This Mining things probably make our country like South African mining disastrous countries, Government should support youth's and invest to their education.
MongCon 01/11/2011 07:27 PM Report
A good starter interview but I note that Charlie skipped over the pervasive animosity that Mongolians historically have for Chinese (and vice versa).
The other challenge, if the Mongolian government in fact manages to use the mineral wealth to better people's lives will be in keeping a cultural identity alive. Once the gold is gone you can't go back to herding. But if you lose the herding culture, you're just a another landlocked country in Central Asia having it's wealth sucked dry by China and Russia. Mr. Prime Minister.. invest some of that money in making Ulaan Baatar the go to place for outsourced technical services! Your youth are smart, resourceful and if you give them a big fat internet pipe, they'll create value above and beyond the finite gold.
And please.. Charlie.. going to Mongolia to play GOLF? Go there to get on a horse and grab perhaps one of the last opportunities to see how the economic model of pastoralism works.... it served mankind for millenia but it's days are numbered. www.boojum.com
amii 11/02/2010 12:05 AM Report
I am agree with blueskygal and Otgoo. In addition to, actually Mongolian history starts over 100,000 years ago as the Stone Age with nomadic culture. The official unemployment rate is 3%, comparing to the total population, it is high rate. The problem of the country is human development and infrastructure, not to mention high inflation rate. Also, the poverty almost reaches to 60 percent of total population. The government need to take innovative reform, otherwise, even just mining concentration will not help to the development of the country.
jonesmichael3 10/16/2010 10:00 AM Report
Great interview indeed, thanks a lot for posting. Learned a great deal about this country. This leader seems to give some hope for Mongolia.
That's really the type of format missing so hard to be found in television. Focusing on one topic at a time and hearing the opinion of one person and discussing profoundly. Keep on Charlie, your show is much appreciated.
Greetings from Switzerland
sdodini 10/13/2010 01:07 AM Report
What I'm hoping to be involved in is economic research as to institutions that will help translate GDP growth to improvements in peoples' lives. If the ger horoolols are still around in large numbers, infrastructure is going to be a problem, not only in pollution, but in roads, waterways, power, and technological advancements. Mongolian citizens need to get involved with the government closely and organize to help root the corruption that is ALL common knowledge- people just say it's yahav and assume they can't change it. If Mongolia can use tax money from the mines, invest in agricultural technologies to help costs fall and revenues rise, and use this growth wisely (promising 70,000 togrog in an election= not a good idea), then the citizenry will benefit. So many things to be done-- we need networks by which to work.
blueskygal 10/06/2010 08:46 AM Report
Otgoo makes a good point. Economic growth in Mongolia has categorically not translated to the betterment of the majority of people's lives. Poverty has been stagnant nationally at around 35 percent nationally and 49 percent in rural areas. Social services are a mess that continue to go downhill. Despite the ad nauseam rhetoric from the likes of Mr Batbold and his cohorts, human development has been the missing element in the boom years of the past decade. The government has a big task ahead of it in ensuring that the mineral wealth that will bolster government coffers for at least the coming 30-40 years actually will mean better lives for all Mongolians. But sadly, with widespread corruption an ever-present problem and the rise and rise of oligarchies, I am not optimistic.
Otgoo 10/06/2010 07:56 AM Report
Even though the economy of Mongolia may look bright, people's lives are not improving. This is coming from an ordinary citizen of Mongolia. One can argue that other development aspects will follow once you straighten the economy and major sectors out. However, who will pay attention to human rights and other important issues in the country with less than 3 million people and governed by a very few oligarchs?
Bayraa 10/04/2010 07:10 AM Report
Invest Mongolia.
gno 10/03/2010 12:31 PM Report
very impressive interview
kiwikorean 10/03/2010 09:38 AM Report
I think he has a great view for his country. I hope that Mongolia can become a nation that not only enjoys it's natural wealth but also helps it's people.
Great Prime Minister
Uke 10/03/2010 07:39 AM Report
Nice talking with Batbold Prime Minister of Mongolia. Hope that Mongolia can develop with good policy very quickly in the future.
534300 10/02/2010 11:37 PM Report
Glad PM Batbold interviewed with Charlie Rose while in NYC last week. Will give New Yorkers and the world an up close insight into the tremendous strides Mongolia is making. His prior business background makes him perfectly suited to lead the way at this most important time. Many top economists are predicting Mongolia to have the greatest increase in GDP of any country over the next decade. No arguments from this Mongolian resident of 10 years, following an investment banking career of 30+ years based in Manhattan.
Gustav 09/30/2010 03:30 PM Report
How can Mongolia go anywhere but up with leadership like this? I would rather invest my money in Mongolia after watching this interview than China for example.
If anyone could point out why I shouldnt, please do.
REMant 09/30/2010 11:18 AM Report
Raw materials exporters need to do things such as Chile, Norway, Saudi Arabia, etc have done, to get the most out of what they have, but while not too long ago the world seemed to belong to the manufacturers, and I sense that may be changing fast, which may prove salutary in reining in credit, because while you may be able to ban gold as currency, you can't ban trade in all these commodities. With all that wind their golf course might rival some of Britain's best, Charlie.