Publication: Mongolia : Building the Skills for the New Economy
This report examines the challenges in the labor market in Mongolia as the economy has undergone a transformation into a market economy. It identifies three major interrelated challenges-joblessness, informality and skills mismatch. The inability to find productive employment has important poverty implications, as labor is the main asset of the poor. But along with the skills mismatch, they also affect efficiency, and thus economic growth, by preventing the economy from using the available human capital to its fullest potential.
“World Bank. 2007. Mongolia : Building the Skills for the New Economy. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/443858d3-18f0-5772-bc66-90ce1a0cc6e6 License: CC BY 3.0 IGO.”