01716cas a2200241 a 4500 AALejournalIMF002708 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875133 1018-5941 BD-DhAAL BD-DhAAL Cheng, Kevin. Growth and Recovery in Mongolia During Transition / Kevin Cheng. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial "transformational recession" before the economy began to recover, with efficiency gains the main source of growth during the early stages of transition. Mongolia's transition process has been relatively smooth compared with other transition economies, probably reflecting the combined effects of some favorable initial conditions, coupled with the early adoption of appropriate adjustment policies and market-oriented reforms. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/217 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/217/001.2003.issue-217-en.xml IMF e-Library