Mongolia OVERVIEW
The recorded history of Mongolia's past, going as further back as the third century BC, is best illustrated by nomadic tribes of warrior Huns as well as Turkish, Uighur and Khitans empires usurping the right to rule this vast land landlocked somewhere between today China and Russia. It was not until the great leader and warrior, Genghis Khan, that the fighting tribes were united to form the Great Mongol State. As his meritocratic leadership was marked by forward thinking and unmatched military tactics, the State soon grew and was to be remembered by posterity as one of the world's largest and powerful empires.
Today Mongolia is doing its best to open up to the world and emerge from the shadow of communism. This up-and-coming Asian country of a young and well-educated population has proved to be among the most legitimate democracies in the whole of Asia. And it is exactly the stable democracy and attractive investment laws that foreign investors find encouraging and stimulating enough to do business mainly in mining, raw materials and cashmere. But although the economy grows robustly, Mongolia still faces serious corruption problems as well as economic and social challenges placing the country at the far end of the GDP list.
Undeniably, what links the glorious past with still not-so-bright present is the land's untouched beauty to be discovered in the harsh expanses of Gobi, rugged Bayan-Ölgi of snowcapped peaks or the shimmering waters of Khövsgöl. Add to it the exceptional hospitality found in the nomadic ramshackle villages, abundant wildlife, Buddhist temples and mysterious ruined monasteries. Spice it up with the modern city jostle of Ulaanbaatar and its Naadam sports festival, sprinkle with perfect outdoor destinations for horse trekking, long-distance cycling, fly-fishing, yak carting or camping and you already have too many of good reasons to head for Mongolia.
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