Final answer:
In recent years, Mongolia has transitioned from communism to capitalism, allowing it to participate in the global economy. Mongolia transitioned from communism to capitalism after the Soviet Union's collapse in the 1990s and is now engaging more actively in the global economy by capitalizing on its natural resources. Option B is correct answer.
Step-by-step explanation:
Mongolia has undergone significant changes in recent years. One of the major changes is its shift from communism to capitalism. This transition has allowed Mongolia to embrace a more market-based economy and engage in global economic activities. However, Mongolia has not become a world power, nor has it annexed territory in China. It remains an independent landlocked country, positioned between the large economies of Russia and China.
Mongolia transitioned from communism to capitalism after the Soviet Union's collapse in the 1990s and is now engaging more actively in the global economy by capitalizing on its natural resources.
In recent years, Mongolia has moved from communism to capitalism. During the Cold War, Mongolia served as a buffer state between the Soviet Union and China. Following the collapse of the Soviet Union in the 1990s, Mongolia transitioned to a market-based economy and began to engage more actively with the global economy, capitalizing on its natural resources.
The country has not reverted to being a world power, nor has it annexed territory in China or been annexed by the Chinese government. Instead, Mongolia's government in Ulan Bator is navigating its position between the large economies of Russia and China, aiming to capitalize on its natural resources and integrate into the international marketplace.