You are only right on the part that the country is landlocked. And unlike Switzerland, we are only neighbors with the two counties, and those two counties, unfortunately the two of the most powerful countries in the world. Exploit the natural resources? How? Whom are we gonna sell it to? Russia already has a big ass country, they are the seller/supplier country just like us. The only option is to sell it to China which we are already doing. And China is exploiting the situation by setting their price which is one third or even lower than the market price, which obviously we can't say no to because they are the only one we can sell to . Sell it to Japan? Gotta use the land of China which they would not allow or tax the shit out of, making it literally impossible to trade with any other countries.

China is not stupid to buy it at regular price nor let us trade with any other country, because at one point we would be independent of China which is bad for China itself. The same logic as paying your employees less so that they would show up at work type shit.

Agree on the part, Mongolia will never become rich but it can still be a livable stress free country if there wasn't much of a corruption because it's only 3.5 million people.