A series examining the top five fastest-growing economies in the world, according to the IMF World Economic Outlook.
Check back soon for the fourth and fifth installments.
Mongolia enjoys one of the fastest-growing economies in the world. But the dramatic increases in the country's GDP are riddled with ambiguity, as widespread corruption and an unsustainable dependence on mining raise questions for the future. Absent better planning and more government regulation, Mongolia's problems will only worsen.
Long impoverished and isolated, tiny Bhutan is finally booming. This onetime absolute monarchy has also made important democratic reforms and major improvements in quality of life. Although big challenges remain, the kingdom -- especially its focus on Gross Domestic Happiness -- offers some important development lessons for other poor nations in the region.