This website uses cookies to ensure you have the best experience. Learn more

Mongolia Lending Institutions, Health Care, And Human Capital

876 words - 4 pages

With two very large mining projects expected to reach full production this decade, Mongolia is entering a commodity boom. History has taught us that commodity revenues offer unique opportunities for development but can also depress long-term economic prospects by increasing macroeconomic unpredictability, reducing incentives to invest in physical and human capital and undermining economic and political institutions. Social spending should be detached from resource revenues, better targeted and fully incorporated into the budget.
Mongolia's vast mineral deposits and growth in the mining-sector activities have transformed Mongolia's economy, which by tradition had been dependent on herding and agriculture. Until recently Mongolia had remained a relatively small, landlocked, low-income economy, with a population of 2.7 million. Mongolia’s development potential, however, is colossal, associated predominantly to two large mining development projects. Oyu Tolgoi is a large copper and gold deposit in the South Gobi desert, approximately 80 kilometers north of the border with China. It is estimated to hold over 35 million tons of copper and 1,275 tons of gold. Tavan Tolgoi is estimated to hold reserves of over 6 billion tons of coal. Tavan Tolgoi is also in the South Gobi, approximately 240 kilometers north of the border with China and 150 kilometers away from Oyu Tolgoi.
Mongolia has transformed itself from a socialist country to a vibrant multiparty democracy with a booming economy. Mongolia is at the dawn of a major transformation driven by the exploitation of its vast mineral resources. Mongolia was among the most aid-dependent countries in the world receiving $2.5 billion of foreign aid between 1991-2002. However, due to strong economic performance and nearly doubling of GDP, driven primarily by mining gains, Mongolia is not as dependent on foreign aid as before.
This economic growth has translated into some benefits for the people of Mongolia. Poverty has been on a downward trend over the past decade. Mongolia’s health care system was based on the Soviet Union’s Semashko model, in which the state was responsible for both the financing and delivery of health care. All citizens were eligible for free medical care. Given the size of the country, the long distances to cover, and the sparse population, the Semashko model was not sustainable without enormous subsidies from the former Soviet Union. The Government of Mongolia commenced reforms in the health sector to shift the emphasis of the health care system from hospital care to PHC. Also, in line with the Government’s decentralization policy, responsibility for the health care system was decentralized to provincial governments beginning in the mid-1990s. Since the economic transition, Mongolia has...

Find Another Essay On Mongolia Lending Institutions, Health Care, and Human Capital

Human Dignity and Universal Health Care

2296 words - 10 pages Human dignity in relation to healthcare is in this day a widely debated issue. With increasing focus on fair and just treatment for all human beings alike one finds that there is a great deal of attention paid to healthcare, one of the most basic requirements for humans (Buijsen, 2010). The case study,Human Dignity and Universal Health Care, looks into the debate underlying public healthcare in Australia and the terms of having citizens access

Relationship between Human Capital, Education, Health and the Economic Development

3248 words - 13 pages CapitalAccording to the glossary of World Bank human capital means "The knowledge, skills, and experience of people that make them economically productive. Human capital can be increased by investing in education, health care, and job training". (http://www.worldbank.org/depweb/beyond/global/glossary.html)According to another dictionary named as About Economics "human capital is the attributes of a person that are productive in some economic context. Often

Health Care IT and Quality Health Care

1321 words - 6 pages 1.0 Introduction The interpretation of quality health care varies with each person. Some place emphasis on the ability to access various treatments without interference. Others value the feature of being able to simply select one’s provider. Quality health care, according to the Institute of Medicine (2001), can be defined as care that is “safe, effective, patient-centered, timely, efficient and equitable” (p. 3). Furthermore, it should

Bioethics and Health Care

1581 words - 6 pages conclusion. Harris in his article pointed that, in a society we have to accept the diminution in our autonomy. (Harris). The ethics committee should be elaborated to incorporate community and primary care services, and certainly department of public health. The public health should respect the individual rights of the community and achieve community health. So, many questions arise here e.g. Is mass medication of uncontrolled dose of fluoride in

Health Care and Politics

1104 words - 5 pages Racial tensions, in the form of prejudice and discrimination certainly contribute to the obvious health disparities experienced by African-Americans. “Health disparities refer to the gaps of quality of health and health care across racial and ethnic groups” (Wikipedia, 2014). Results from a 2003 Health Interview Survey indicated that “African-Americans and Hispanics were the most likely to report the feeling of being discriminated against when

Health and Social Care

1437 words - 6 pages Introduction One of the five key principles of care practice is to ‘Support people in having a voice and being heard,’ (K101, Unit 4, p.183). The key principles are linked to the National Occupational Standards for ‘Health and Social Care’. They are a means of establishing and maintaining good care practice. Relationships based on trust and respect should be developed between care receivers and care givers, thus promoting confidence whilst

Health and Social Care

3791 words - 16 pages expect, and what is expected of them, in different situation’; taken from the topic Social factors and human development, from the book Collins Health and Social Care AS level, unit 1, topic 7, Page 38. Values The word value means ‘ Ideas or beliefs that are viewed positively or are thought to be important by those who hold them’; taken form the Collins Health and Social Care AS Level, Unit 1, Topic 7, Page 38. Beliefs The word beliefs can have

Health and Social Care

2223 words - 9 pages , offices and other setting. This is putting someone in danger or even others around them, this problem would need to be informed straight away to a responsible adult in case there may be an accident that may occur in the care settings for the service user’s health and safety and for others around in the care setting. At the café I had noticed that there were more females than males, so to stop discrimination from happening about gender I had to

Project Planning and Human Capital

2036 words - 8 pages Running head: PROJECT PLANNING AND HUMAN CAPITAL 1 PROJECT PLANNING AND HUMAN CAPITAL 9 Project Planning and Human CapitalMGT/437Project Planning and Human CapitalIntroductionTeam A has mapped out all of the phases and milestones to be met during the different building stages of the project. The project manager will report to the Chief Executive during the first milestone of the project which is the building of the first deck. The first

Health and Human Services

1236 words - 5 pages Health and Human Services Social Work is growing now a day due because of poverty, which is why there is a big demand for social workers. It is a very dedicated job and stressful at the same time. Social work is for people who want to help people, also because of all the clients you ended up having some of the client’s do not appreciate what you are doing for them and get

Primary Health Care and Health Promotion

834 words - 4 pages Primary Health Care (PHC) and Health Promotion are important for a quality health care system to allow equity, social justice and empowerment. To explore Primary Health Care and Health Promotion and its value within the health care system, one must first distinguish what health is. There are many varying opinions of health depending on personal context, although the most commonly referred to definition is from the World Health Organisation (WHO

Similar Essays

Examination Of Lending Institutions, Health Care, And Human Capital Examination In A Developing Nation

962 words - 4 pages Examination of Lending Institutions, Health Care, and Human Capital examination in a developing nation (Kenya) Introduction Research reveals that most developing nations make it a strategic plan to depend on lending services from global lending organizations (Njogu, 2007). IMF and the World Bank are the major lenders as far as this is concerned. This is a classical way of stimulating development in all sectors of the global

Examination Of Lending Institutions, Health Care, And Human Capital Examination In Kenya

1168 words - 5 pages & World Bank, 2006). This is also coupled with numerous acquisitions of healthcare equipment and professional training aided by international lenders. Conclusion It is evident that the role played by international lending institutions can never be disregarded. It helps in the improvement of human capital in developing nations through the improvement of their healthcare systems. These nations can, therefore, align themselves

Human Resource Management And Health Care

1451 words - 6 pages ). The role that human resource management plays is the most vital in all business organizations. This importance is easily seen in running a health care facility. Human resource in health care is important in improving the overall patient health outcomes and the delivery of health care services. The three key contributions in health systems are human resource, physical capital and consumables. Pertaining to health care, human resource is the

Human Dignity And Universal Health Care

1782 words - 8 pages Intro: The universal health care was implemented in 1974 in Australia, providing health care and financial protection to all global citizens. Thus allowing every human a right to a standard living without separating citizens due to their disorder, illness or lifestyle. Human dignity can be explained as a form of inherent and self-worth, however this can also have the potential to be taken away from someone either by their actions or the society