The rising disparity in wealth among Mongolia’s people

Posted on October 17, 2013 by Meredith

A recent article from the Global Post, an online American news organization, describes the harsh comparison between the nouveau riche of Mongolia’s capital city, Ulaanbaatar, and the poorer Mongolians living on the city’s outskirts and in the country’s rural areas. In a country where nearly a quarter of the population lives on $1.50 a day and food prices are rising to the point where many worry about how they will feed their families, the newly rich class of businessmen and wealthy immigrants inhabiting Ulaanbaatar flaunt luxury vehicles and designer labels. According to the article, “the rapid transformation — in one of the poorest countries in the world — has come from the exploitation of vast coal, copper and gold reserves […] but rising inequality in the cities along with environmental damage in rural areas have stirred popular discontent.”

 

Read the full article here.

 

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