The Inflation Crisis and Its impact on the capital cities of the Czech Republic and Mongolia

Dulguun Lkhagvasuren

Bachelor's thesis

Abstract:

This bachelor thesis is focused on inflation crises of the contrasting insightful comparisons between Prague and Ulaanbaatar, based on their unique situation. Prague, flourishing under a temperate climate, showcases a diverse economy and benefits immensely from its EU membership, thriving in sectors like manufacturing, IT and tourism. On the other hand, Ulaanbaatar, known as the coldest capital city in the world, faces challenges in energy consumption and urban planning, with an economy that has shifted from agriculture to being heavily reliant on mining. This shift brings to the fore significant environmental concerns and a push towards sustainability. The study reveals Prague's adept balance between modern growth and historical preservation, while Ulaanbaatar contends with infrastructural strains due to rapid urban expansion. The literature review of the thesis examined the underlying causes and effects of inflation in Prague and Ulaanbaatar, while the practical analysis compares their economic indicators and public perceptions, evaluating inflation's real-world impacts. This comparison not only highlights the distinct paths of urban and economic development in Prague and Ulaanbaatar but also highlights the imperative of pursuing sustainable growth and diversification in the face of evolving global challenges.

Keywords

economic impact, Ulaanbaatar, Prague, macroeconomic analysis, capital cities, Inflation crisis, regional development

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 7. 3. 2024

Obhajoba závěrečné práce

• Vedúci: Ing. Jiří Sálus
• Oponent: Margarita Yelisseyeva, Mgr.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Economics and Management