Editing Economy of Mongolia (section)

==The Wolf Economy==
The term was coined and subsequently popularized by [[Renaissance Capital (Russian company)|Renaissance Capital]] in their report "Mongolia: "Blue-sky opportunity".<ref>{{cite web |url=http://www.petromatad.com/live/uploads/Mongolia_11_Dec_Final.pdf |title=Strategy Mongolia: Country overview, Equity research, 11 December 2009 |website=www.petromatad.com |access-date=11 January 2022 |archive-url=https://web.archive.org/web/20150427002632/http://www.petromatad.com/live/uploads/Mongolia_11_Dec_Final.pdf |archive-date=27 April 2015 |url-status=dead}}</ref> They state that Mongolia is set to become the new [[Asian tiger]], or "Mongolian wolf" as they prefer to call it, and predict "unstoppable" economic growth.<ref>{{cite web
| url = http://biznetwork.mn/blog/show/id/6214
| title = Mongolian Wolf to Be 'Unstoppable'
| publisher = biznetwork.mn / [[Bloomberg L.P.|Bloomberg]]
| date = 14 December 2009
| access-date = 7 April 2010
| archive-date = 18 January 2011
| archive-url = https://web.archive.org/web/20110118055141/http://biznetwork.mn/blog/show/id/6214
| url-status = live
}}</ref> With the recent developments in the mining industry and foreign interest increasing at an astonishing rate, it is claimed that the 'Wolf Economy' looks ready to pounce. The term's aggressive title mirrors the country's attitude in the capital markets, and with newfound mineral prospects it has the chance to retain its title as one of the world's fastest growing economies.<ref>{{Cite web|date=2020-11-16|title=Investment in Mongolia 2019 - KPMG Mongolia|url=https://home.kpmg/mn/en/home/insights/2020/03/investment-in-mongolia-2019.html|access-date=2021-05-14|website=KPMG|language=en-US|archive-date=14 May 2021|archive-url=https://web.archive.org/web/20210514080046/https://home.kpmg/mn/en/home/insights/2020/03/investment-in-mongolia-2019.html|url-status=live}}</ref>