FOREIGN INVESTMENT EFFECT ON ECONOMIC GROWTH OF MONGOLIA
The theory and practice of economic management suggests that the volumes of investment processes as well as their implementation rates and interactions determine the sustainable economic development of the country. As the country gets involved into the integration processes, the investment activity and the formation of national economy development trends considerably complicate their forms and increase their interaction force. Attraction of foreign capital in Mongolia is rather referred to strategic goals of Mongolian economy development than to market and tactical ones. Like other countries Mongolia considers foreign investment as the factors propelling economic and technological progress, as renovation and modernization of productive facilities, mastering of the advanced methods of production management that promotes employment and staff training that meets the requirements of the market economy.