A crucial analysis of Mongolia's economic crisis and path to recovery. This World Bank study offers a deep dive into Mongolia's economic landscape between 2008 and 2010, a period marked by a severe downturn triggered by collapsing copper prices and dwindling external demand. Discover the structural weaknesses and policy missteps that amplified the crisis, and the government's response. Mongolia Economic Retrospective: 2008-2010 reveals: - How expansive fiscal and monetary policies, coupled with a pegged currency, led to macroeconomic instability. - The impact of the mining sector, including the risks of "Dutch disease." - The importance of fiscal stability and banking sector reform for sustainable growth. For policymakers, economists, and anyone interested in economic development, this retrospective provides valuable lessons for managing commodity-dependent economies and navigating future challenges.