文章基本信息

标题：Economic Impact of Mongolia’s Cashmere Export
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作者：Masgut Rysbyek ; Su Lei
期刊名称：Modern Economy
印刷版ISSN：2152-7245
电子版ISSN：2152-7261
出版年度：2022
卷号：13
期号：2
页码：130-143
DOI：10.4236/me.2022.132009
语种：English
出版社：Scientific Research Publishing
摘要：This paper examines the economic impact of exporting Cashmere by considering every aspect of the product’s performance in the global market and the financial outcomes. The article begins by appraising the cashmere industry’s development and the transition into the global export market. This objective is achieved through a comparative analysis of cashmere export and other country’s economic activities like livestock farming. The contribution of cashmere export to the country’s GDP is cited as a significant economic impact. The exporting of the commodity is the third-largest earner for the country after gold and copper. This indicates the economic significance of exporting Cashmere. The paper is based on primary research from distinct participants through questionnaires and interviews, and analysis to interpret the research findings. The article discusses the evolution of the cashmere industry by examining government support and the growing demand for the products as the factors that led to the emergence of the cashmere economy. This casts a dark cloud over the sustainability of the many economic gains of exporting Cashmere. The paper suggests developing a sound policy framework and creating institutional frameworks to enhance the competitiveness of the cashmere industry, hence guaranteeing the sustainability of the positive economic impact accrued.
关键词：Economic Impact of Mongolia’s Cashmere Export