R. Lkhagvasuren, Researcher, Economic Policy Competitiveness, Research Center

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ЭДИЙН ЗАСГИЙН БОДЛОГО, ӨРСӨЛДӨХ
ЧАДВАРЫН СУДАЛГААНЫ ТӨВ
Economic Policy and Competitiveness Research Center
Competitiveness of Mongolia

2. www.ecrc.mn
• Established in 2010
• Formed by a consortium of Mongolia’s prominent and mark-t
leading companies in response to our nation’s increasingly
globalized economy and rapid growth.
• EPCRC provides specialized research services:
– Economic and financial modeling
– Survey/Focus group studies and results analysis
– Industry cluster studies
– Policy/ Regulation/ Legal analysis
– Local project management and partnering
Economic Policy and Competitiveness Research Center

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Founders & Member organizations:
Mr. Ts.BOLDBAATAR; Mr. P.TSAGAAN
Strategic partners
Partner Institute:
9/8/2011
Economic Policy and Competitiveness Research Center

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IMD team meeting with the Prime Minister of Mongolia
From left side: Prime minister S.Batbold, Advisor to the PM on foreign affairs O.Och, Senior advisor to the President
P.Tsagaan, translator E.Enkhgerel, Director of IMD S.Garelli, IMD economist Anne-France Borgeaud Pierazzi
9/8/2011 4
IMD Team in Mongolia

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We will advocate for necessary changes in economic, government,
business and infrastructure policy to ensure our national leaders
can make informed decisions on the ability of Mongolia to
compete in a 21st century world.
Our vision is to enhance Mongolia’s national economic
competitiveness to enable a strong, sustainable business
environment and socio-economic framework; one that improves
the quality of life of all citizens.
9/8/2011
Economic Policy and Competitiveness Research Center

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Objectives of EPCRC
Consistent research (internationally accepted methodology,
IMD WCC)
Reports, presentations
Database
Strategy, research
Public awareness on the issue
.
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Pioneers in Competitiveness since 1989!
9/8/2011

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 We manage an annual publication
of the “Mongolia in World
Competitiveness” report in
conjunction with Institute for
Management Development (IMD)
and its World Competitiveness
Yearbook (WCY) publication.
 The launch of “Mongolia in World
Competitiveness Yearbook” took
place in March 2011.
79/8/2011
DM 2011
Product

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Competitiveness
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"Competitiveness of Nations is a field of economic theory, which analyses the facts and policies that shape
the ability of a nation to create and maintain an environment that sustains more value creation for its
enterprises and more prosperity for its people."
9/8/2011

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58 NATIONS
327 CRITERIA
54 PARTNER INSTITUTIONS
IMD World Competitiveness Yearbook

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Mongolia in World Competitiveness

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IMD Methodology
9/8/2011

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Mongolia Economic Forum 2011
EPCRC is a co-organizer of Mongolia Economic Forum
9/8/2011

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• Air transportation
– Basic infrastructure, especially air
infrastructure is very poor
– Special research, “Mongolia: Impact from
International Air Service Liberalization”
Highlights on the Report - 2010
• Energy infrastructure
– Mongolian energy system is also state owned
– And always works not efficient.
– Energy sector liberalization study is needed to be done
• Education
– Lack of high skilled labor

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• Better CSR
• Big mining companies should lead to make
Mongolian business community more transparent and
socially responsible
• Triple down effect of good standards and ethics (and
other luxury costs)
• Value chain or more domestic participation (private
equity funds, incubation centers etc)
Enhancing competitiveness – Foreign investors

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• Clear and predictable legal environment
• Set standards and good compliance
• Coordinated monitoring (registration, taxation,
environmental and social standards)
• Invest in skill (especially in non mining sectors)
• Monetary and fiscal policy should be more related
• Cut the inefficient public cash handout
Enhancing competitiveness – Government

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• Research and development in technical issues
• Towards green technology
• More value-added products
• Invest in good management
• Pay more attention to education sector
Enhancing competitiveness – Domestic industry

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Researches done in 2011
• Mongolia: Impact from international air service liberalization
• Situational and stakeholder analysis of Chinese and Russian
mining companies operating in Mongolia
• World Bank – Country survey 2011, Mongolia
• Banking sector in Mongolia – Quarterly review
• Monthly macro economic overview
• Mongolia in world competitiveness 2011

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Thank you
WWW.ECRC.MN
Together towards competitive Mongolia!