Frontiersman: Don’t lose your shirt

Mongolia’s woes offer returns — and major risk — for frontier investors.

In one of the most bizarre moments of the Rio Olympics, Mongolian wrestling coach Tsenrenbataar Tsostbayar stripped down to his underwear in protest against a referee’s decision that cost his man a bronze medal.

Squeamish viewers should be thankful that Tsostbayar was distracted by the wrestling. If he was at home, watching the economy spiral out of control, he might not have stopped at his Y-fronts.

Mongolia’s economy has lost the most precious points of all over the last few years many percentage points of GDP growth. It was growing at an eye-popping rate of 17.3% five years ago, and maintained growth well above 10% for two...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222