Research On The Impact Of FDI On Mongolian's Mining Industry Development

Under the background of economic globalization, the increasing openness to foreign countries, and expand to coal, copper, iron ore, oil and other mineral resources trade share, for the mineral-rich Mongolia has brought unprecedented opportunities of development.Mongolia since the 1990 s privatization reform, gradually implement the transition from planned economy to market economy system, the Mongolian economy begins to recover and render faster growth, the fast rise in number of foreign investment, and greatly boost the economic development of Mongolia.Mongolia mineral resources are rich, and part of the big ore reserve in a leading position in the world. Mining industry is an important pillar industry, the economic development of Mongolia is of more advantages compared with other industries, as the important position in national economic development, its pay a tax increase year by year, contribution to GDP is increasing. Mongolia is in a good investment environment. Although stability in policy,infrastructure construction, perfect legal aspects and so on, people's consciousness has not sure, but the general trend of macro policy and the economic development of Mongolia is conducive to foreign direct investment, and foreign direct investment potentiality. Foreign direct investment involves the Mongolia all walks of life, but the differences between industries, Mongolia's foreign direct investment mainly focused on the second industry,especially the second industry in the mining industry, and the investment proportion of the tertiary industry is too low. Many source of foreign direct investment in Mongolia, China is the main source of foreign direct investment in Mongolia. Foreign direct investment on mining industry played a positive role in promoting the development of the industry, to improve the economic participation of Mongolia mining companies, the expansion of business scope, and promote the competitiveness of the company's role cannot be ignored. As a developing country of Mongolia, will make full use of advantage of backwardness, use less costs in the short term to fully absorb the advanced technology, learning the concept of scientific management and excellent system design. Foreign direct investment in Mongolia occupy an important position in the economic development, the promotion and drive the economic development of Mongolia's role is very significant. Mineral sector, foreign direct investment in the transition to focus on certain negative influence on the economic and socialdevelopment of Mongolia, Mongolia enterprises difficult to maintain their own development and path, the longer it will lead to Mongolia enterprise gradually lose the opportunity of independent development; In Mongolia mining profits space is narrow, long in the low end of the value chain; The development of Mongolia mining is strongly influenced by international market volatility, regular change affect domestic economic cycle, adverse to the national economy stable, healthy and effective operation, aggravate the problems of unsustainable economic and social development; Dependence on foreign companies is also can make the country lose some of their economic autonomy, is not conducive to the long-term development of the mining industry.