Linking Entrepreneurship to Economic Performance in Mongolia

Abstract

This thesis examines the role of entrepreneurship in driving economic development within the unique context of Mongolia. Through an exploration of both theoretical frameworks and empirical evidence, it analyzes how entrepreneurship contributes to economic diversification and resilience, particularly in a developing nation heavily reliant on the mining sector. Key challenges facing Mongolian entrepreneurs, such as limited access to finance, regulatory barriers, and corruption, are explored alongside the potential benefits of a vibrant entrepreneurial ecosystem. A central aspect of this study is the impact of government policies and post-pandemic recovery measures on entrepreneurship in Mongolia. Comparative insights are drawn from other resource-rich developing countries to illustrate best practices and potential pathways for growth. This research further investigates how entrepreneurship can serve as a sustainable means of economic transformation by fostering innovation, promoting economic independence, and facilitating a transition from a mining-dependent economy to a diversified and resilient market-based system.