The economic upturn and performance of Mauritius is a far cry from predictions made in the 1960s. The island’s remarkable economic performance since the 1980s can been attributed to a multitude of factors instrumental to the success of the economy, including structural reforms, outward looking export orientated strategies, diversification in the manufacturing, tourism and financial services sectors amongst others, sound economic governance and institutions, and significant investment in human capital.
This book attempts to provide a detailed analysis of the various key ingredients which have helped to propel Mauritius to its current status. The various chapters provide important readings for both academics and policymakers, with the final chapter providing key policy strategies which the government needs to implement to help Mauritius graduate to the next level of development: namely to that of a high-income economy and, in moving out of the middle-income trap, laying the foundations for future growth and shared prosperity in the light of both domestic challenges and global constraints.
The Editors and Contributors; Foreword; 1 Mauritius: Developmental Perspective, 1968-2017 P. Dinan; 2 An Analysis of the Sources of Growth in Mauritius B. Seetanah, R. Moreno, R. V. Sannassee and V. Tandrayen-Ragoobur; 3 How are Institutions Key Determinants in the Development of Emerging Economies? The Case of Mauritius L. A. Darga; 4 Expansion of Export Oriented Enterprises and Development in Mauritius S. Fauzel, B. Seetanah and R. V. Sannassee; 5 Financial Development and Economic Growth in Mauritius J. Matadeen and S. Fauzel; 6 Impact of the Tourism Sector on Economic Growth in Mauritius P. Dinan, B. Seetanah and K. D. Padachi; 7 Harnessing FDI for Growth in Mauritius S. Gunessee and B. Sooreea-Bheemul; 8 Analysing the Human Capital-Economic Growth Nexus: The Case of Mauritius H. Neeliah and B. Seetanah; 9 Tracing the Path towards Sustainable Development in Mauritius through GDP-CO2 Emission Nexus R. Sultan; 10 Can Africa Serve as a Trading Hub for Mauritius? An In-Depth Analysis V. Tandrayen-Ragoobur; 11 Mauritius: Running the Next Development Lap: Issues, Outlooks and Policy Priorities R. Sithanen
The Europa Emerging Economies series from Routledge, edited by Robert E. Looney, examines a wide range of contemporary economic, political, developmental and social issues as they affect emerging economies throughout the world. Complementing the Europa Regional Surveys of the World series and the Handbook of Emerging Economies, which was also edited by Professor Looney, the volumes in the Europa Emerging Economies series will be a valuable resource for academics, students, researchers, policy-makers, professionals, and anyone with an interest in issues regarding emerging economies in the wider context of current world affairs.
There will be individual volumes in the series which provide in-depth country studies, and others which examine issues and concepts; all are written or edited by specialists in their field. Volumes in the series are not constrained by any particular template, but may explore economic, political, governance, international relations, defence, or other issues in order to increase the understanding of emerging economies and their importance to the world economy.
Robert E. Looney is a Distinguished Professor at the Naval Postgraduate School, Monterey, California, who specializes in issues relating to economic development in the Middle East, East Asia, South Asia and Latin America. He has published over 20 books and 250 journal articles, and has worked widely as a consultant to national governments and international agencies.