Book Description

Mauritius is an economic success story. Its economy has sustained high 6 per cent annual growth for two decades, first driven by sugar, then textiles and clothing, and tourism, and most recently by financial services. Economic growth and structural change were achieved while maintaining national stability and social cohesion. Once only another commodity producer, today the country is the leading exporter of manufactures in sub-Saharan Africa. The main theme of the report is that Mauritius must shift more forcefully into higher value sectors, including financial services, business services and information technology to sustain high growth. Wealth in these sectors is derived from knowledge networks and a sophisticated support infrastructure that demands substantial capital and expertise. Conclusions and recommendations include the following: Overhauling policy and operational framework for FDI in line with "best practice" standards. Shifting more forcefully into higher value sectors. Improving infrastructure services. Fostering the development of regional financial services sector. Emphasising information technology. Upgrading the Marine resources sector.