Mongolia's booming economy is growing millionaires, but what happens to those who miss out or are left behind?
It is boom time in Mongolia. As the country throws off the shackles of its Soviet communist past, construction is proceeding at an astonishing rate and the list of millionaires is growing.
But hidden in the shadows of the new skyscrapers towering over the capital Ulaanbaatar, a tale of two countries is emerging. While many citizens are thriving, one-third of the population still lives in poverty.
Tserenjigmed Dagvadorj and his brother, Ganbaatar, are two of Mongolia's richest businessmen. With a portfolio of businesses ranging from hotels to supermarkets and construction companies, the brothers symbolise the former Soviet republic's fervent embrace of capitalism.
No comments:
Post a Comment