Mongolia in the transition period in the late 20th century

The article is devoted to the transition period in Mongolia in the late 20 th century. It was characterized by the dire state of the economy. Mongolian society has chosen a democratic path of development. During the transition to a market economy, Mongolia began to experience severe crisis, like other countries of the former Soviet Union. Its peak was in the period of 1990-1995. It was caused by many factors, mainly the collapse of the socialist economic system, elimination of planned and centralized economy, violation of global economic relations, respectively, and termination of investment and subsidies from the Russian Federation.