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Mongolian Foreign Minister Tsend Munkh-Orgil says "nothing good" comes of nations closing their doors.
Economy

Middle-class surge will change everything, Mongolian minister says

Foreign Minister Tsend Munkh-Orgil argues globalization wave is 'unstoppable'

ALEXANDER MARTIN, Nikkei staff writer | Japan

TOKYO -- Of all the important trends shaping Asia, the rise of the middle class will have the most profound impact, Mongolian Foreign Minister Tsend Munkh-Orgil said on Monday.

Citing an OECD estimate that the middle-class population will surge to 4.9 billion by 2030, from 1.8 billion in 2009, Munkh-Orgil said the figures are "mind-boggling." The change, he said, will have wide-ranging repercussions on politics and globalization.

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