structural:scholar_edition, stylistic:style_transfer, information:extraction
Post-Cold War

The dissolution of the Soviet Union in 1991 strongly influenced Mongolian politics and youth. Its people undertook the peaceful Democratic Revolution in January 1990 and the introduction of a multi-party system and a market economy. At the same time, the transformation of the former Marxist-Leninist Mongolian People's Revolutionary Party to the current social democratic Mongolian People's Party reshaped the country's political landscape.

A new constitution was introduced in 1992, and the term "People's Republic" was dropped from the country's name. The transition to a market economy was often rocky; during the early 1990s the country had to deal with high inflation and food shortages. The first election victories for non-communist parties came in 1993 (presidential elections) and 1996 (parliamentary elections). China has supported Mongolia's application for membership in the Asia Cooperation Dialogue (ACD), Asia-Pacific Economic Cooperation (APEC) and granting it observer status in the Shanghai Cooperation Organisation.