Article citationsMore>>

Lee, Y., Lo, H., & Enkhtuvshin, E. (2010). A Study of Value Delivery System in Mongolian Cashmere Industry: From Brand Equity Perspective. International Journal of Reliability and Quality Performance, 2, 107-118.

has been cited by the following article:

• TITLE: Economic Impact of Mongolia’s Cashmere Export

  AUTHORS: Masgut Rysbyek, Su Lei

  KEYWORDS: Economic Impact of Mongolia’s Cashmere Export

  JOURNAL NAME: Modern Economy, Vol.13 No.2, February 23, 2022

  ABSTRACT: 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.