RE:PM Mongolia Interview Jan 29
On the last page where he discusses the 2nd option (reducing consumption) he makes a very flawed assuption. He talks about taking money from the IMF so that they can follow this option. The IMF will not give anyone any money with out demanding political and economic reforms along the lines that improve trade and business investment. In other words - both options evntually lead to option 1 (getting the big projects going and attracting foriegn investment).;-)
As the games continue!!!!!