Contrasto
12 January, 2013
In the last decade the economy of Mongolia has grown at an unprecedented rate, with GDP expanding by more than 10 percent per year.
Mongolia’s economy has been growing at an unprecedented rate, with an average annual increase in GDP between 2011 and 2013 of well above 10 percent. The new ‘Mongolian Wolf’ economy is based primarily on mining, and has attracted considerable foreign investment. The traditional way of life, which relies on ancestral nomadic herding, is undergoing a crisis as people leave to seek work in urban centers. Development has been largely unregulated. People who still follow a traditional nomadic lifestyle have to cope with increasing levels of pollution, deforestation, and overgrazed pastures.
Michele Palazzi
Michele Palazzi was born in Rome in 1984. After getting a three-year Master’s degree in photography at the Scuola Romana di Fotografia, he started working as a documentary photog...
The province of Ömnögovi, in the Gobi Desert, in southern Mongolia, is rich in deposits of copper and gold.
