Mauritius: Challenges of Sustained Growth
Author： Mr. James Y. Yao Dr. Gamal Zaki El-Masry Padamja Khandelwal Mr. Emilio Sacerdoti
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2005
E-ISBN: 9781451980318
P-ISBN(Paperback): 9781589064164
Subject： F0 Economics;F7 Trade Economy
Keyword： Economic growth,Development
Language： ENG
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Description
Mauritius has achieved remarkable success since its independence in 1968. It has one of the highest per capita GDPs in Africa, the economy has diversified from complete dependence on the sugar crop, into textiles, then tourism, and recently information and communication services. This paper examines the factors that have contributed to this impressive growth, including macroeconomic stability, a solid institutional framework, political stability, an efficient administration, a favorable regulatory framework, and a well-developed financial system, and outlines the challenges that remain to ensure continued sustainable growth in Mauritius.