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Economic Policy and Competitiveness
Research Center
• Established in 2010
• Formed by a consortium of Mongolia‟s most recognized and
respected 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
2
We research and advocate on policy issues that directly affect Mongolia’s
ability to compete in a global, 21st century economy.9/8/2011 DM 2011
3
Founders & Member organizations:
Mr. BOLDBAATAR, Ts.; Mr. TSAGAAN, P.,
Strategic partners
Partner Institute:
9/8/2011 DM 2011
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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 DM 2011
Objectives of EPCRC
Consistent research (internationally accepted
methodology, IMD WCC)
Reports, presentations
Database
Strategy, research
Public awareness on the issue
. 5Pioneers in Competitiveness since 1989!9/8/2011 DM 2011
July 5-6, 2010: Competitiveness workshop
A workshop “Competitive Mongolia” was held during July 5-6, 2010
in Ulaanbaatar in conjunction with IMD World Competitiveness
Center.
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 Pierazzi9/8/2011 6DM 2011
We manage the annual publication
of the Mongolia in World
Competitiveness report, produced
in conjunction with Institute for
Management Development (IMD)
and its World Competitiveness
Yearbook (WCY) publication.
The inaugural Mongolia in World
Competitiveness Yearbook launch
event took place in March 2011.
Currently the book is available in
English. Mongolian version will be
published soon.79/8/2011 DM 2011
Competitiveness
8
"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 DM 2011
9
58 NATIONS
327 CRITERIA
54 PARTNER INSTITUTIONS
30 INFORMATION
PROVIDERS
IMD World Competitiveness Yearbook
9/8/2011 DM 2011
Mongolia Economic Forum 2010
The first Mongolia Economic Forum was held in February 8-9 in Ulaanbaatar under
the motto “together we can!”. EPCRC participated in the Competitiveness sub session.
Mongolia Economic Forum 2010.
From left: Guest of honor, renowned economist Hernando De Soto, President of Mongolia Ts.Elbegdorj9/8/2011 18DM 2011
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Mongolia Economic Forum 2011
The second Mongolia Economic Forum took place between March 2-4, 2011 in state palace,
Ulaanbaatar. EPCRC was a co organizer and participated in the Competitiveness sub panel.
Prime minister S.Batbold delivering opening remarks on the first day of the event9/8/2011 DM 2011
Impacts of mining to real sectors
• Direct: very low except to transportation
• Indirect:
– Hot money and inflation
– Volatile exchange rate
– Pollution & corruption
– Brain drain from other sectors
– Getting more consumer society
9/8/2011 20DM 2011
Key messages
• Mining is the engine for further growth
• But danger of „resource curse‟
• Also Dutch disease
• Lack of economic diversification
• Early signs: head hunting
• Inflation and volatile exchange rate
• Dual economy: official vs. hidden, globality vs. proximity,
• Not dual but trial mining: big „correct‟ , medium sized „hidden‟ free riders, artisanal miners
9/8/2011 21DM 2011
For more competitiveness
(from foreign investors)
• Better CSR
• Big mining companies should lead to make
Mongolian business community more
transparent and social responsible
• Triple down effect of good standards and
ethics (and other luxury costly)
• Value chain or more domestic participation
(private equity funds, incubation centers etc)
9/8/2011 22DM 2011
For more competitiveness
(from Mongolian state)
• Clear and predictable legal environment
• Set standards and good compliance
• Coordinated monitoring (registration, taxation,
environmental and social standards)
• Invest in skill (especially non mining sectors)
• Monetary and fiscal policy should by counter
cyclical
• Cut the inefficient public cash transfer
9/8/2011 23DM 2011
For more competitiveness
(domestic industry)
• Research and development in technical issues
• Innovations in green technology
• Increase the value add here in Mongolia
• Invest in skill and good management
• Pay more attention in education sector
9/8/2011 24DM 2011
ECONOMIC POLICY AND COMPETITIVENESS
RESEARCH CENTER
Central tower 1010а, Sukhbaatar district
Ulaanbaatar city, Mongolia
Tel: (976) 11 321927 Fax: (976) 11 321926
email: [email protected] Website www.ecrc.mn
Thank you for your attention
259/8/2011 DM 2011