The Wolf Economy
The term was notably coined by Renaissance Capital in their report - Mongolia’s "Blue Sky Opportunity. They state that Mongolia is set to become the new Asian Tiger, or "Mongolian Wolf" as they prefer, and are "unstoppable". With the recent developments in the mining industry and foreign interest increasing at an astonishing rate, it is claimed their Wolf Economy looks ready to pounce. The term’s aggressive title mirrors the country’s attitude in the capital market environment, and with newfound mineral prospects it has the chance to retain its title as the fastest growing economy in the region.
Read more about this topic: Economy Of Mongolia
Famous quotes containing the words wolf and/or economy:
“The wolf also shall dwell with the lamb, and the leopard shall lie down with the kid; and the calf and the young lion and a little child shall lead them.”
—Bible: Hebrew, Isaiah 11:6.
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)