Download or read book Mauritius The Drivers of Growth Can the Past be Extended written by Katsiaryna Svirydzenka and published by International Monetary Fund. This book was released on 2014-07-23 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mauritius’s economic performance has been called “the Mauritian miracle” and the “success of Africa” (Romer, 1992; Frankel, 2010; Stiglitz, 2011), despite difficult initial conditions that led a Nobel Prize Winner in economics to predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges of growth through 2033. Growth averaged 41⁄2 percent over the past 20 years. Our baseline suggests future growth rates around 31⁄4 percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education and education reforms; (iii) labor market reforms; and (iv) further measures to reduce bottlenecks and increase productivity. With policies capable of generating 5 percent growth, Mauritius could reach high-income status in 2021, 4 years earlier than under the baseline.

Download or read book Mauritius the Drivers of Growth Can the Past Be Extended written by Katsiaryna Svirydzenka and published by . This book was released on 2017 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mauritius's economic performance has been called 'the Mauritian miracle' and the 'success of Africa' (Romer, 1992; Frankel, 2010; Stiglitz, 2011), despite difficult initial conditions that led a Nobel Prize Winner in economics to predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges of growth through 2033. Growth averaged 41/2 percent over the past 20 years. Our baseline suggests future growth rates around 31/4 percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education and education reforms; (iii) labor market reforms; and (iv) further measures to reduce bottlenecks and increase productivity. With policies capable of generating 5 percent growth, Mauritius could reach high-income status in 2021, 4 years earlier than under the baseline.

Download or read book Development and Sustainable Growth of Mauritius written by Vanessa T. Tang and published by Springer. This book was released on 2018-11-27 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume analyzes the Mauritius economy and highlights what conditions and policies have contributed to the development of the country. The project gives a historical and economic analysis of Mauritius and provides comparative approaches looking at other developing states in Africa and Asia. This book is intended for a broad audience, consisting of not only economists with quantitative expertise but also other social scientists, policymakers and scholars interested in the intellectually fascinating exploration of Mauritius’s rapid rise and sustained growth performance.

Download or read book Population Development Environment written by J. Baguant and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because the number of options is often limited, small island states tend to find it uncommonly difficult to strike a balance between population, envi ronment, and development. Relatively high population density and small land areas, without much in the way of natural resources, do not provide the best of circumstances for improving the living conditions of the popu lation, especially a fast-growing one. The result is often stunted economic development and environmental stress both on land and offshore. The developments in the island state of Mauritius over the past 30 years, however, can serve as an inspiration and illustration of how extremely ad verse conditions can be overcome. In the early 1960s Mauritius was trying to cope with rapid population growth, extreme poverty, and grim economic 2 prospects. Population density was 324 inhabitants per km , total fertility was 5.7, and GNP per capita was less than $200. In 1990 the situation in Mauritius was radically different. Although 2 population density had increased to 527 inhabitants per km , total fertility had dropped to 2.0, and GNP per capita had increased to $2,310. Economic stagnation had been replaced by steady growth and full employment, and environmental problems were being addressed as issues of high priority.

Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.

Download or read book Population Development Environment written by Wolfgang Lutz and published by Springer. This book was released on 1994-08-30 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because the number of options is often limited, small island states tend to find it uncommonly difficult to strike a balance between population, envi ronment, and development. Relatively high population density and small land areas, without much in the way of natural resources, do not provide the best of circumstances for improving the living conditions of the popu lation, especially a fast-growing one. The result is often stunted economic development and environmental stress both on land and offshore. The developments in the island state of Mauritius over the past 30 years, however, can serve as an inspiration and illustration of how extremely ad verse conditions can be overcome. In the early 1960s Mauritius was trying to cope with rapid population growth, extreme poverty, and grim economic 2 prospects. Population density was 324 inhabitants per km , total fertility was 5.7, and GNP per capita was less than $200. In 1990 the situation in Mauritius was radically different. Although 2 population density had increased to 527 inhabitants per km , total fertility had dropped to 2.0, and GNP per capita had increased to $2,310. Economic stagnation had been replaced by steady growth and full employment, and environmental problems were being addressed as issues of high priority.

Download or read book Mauritius A successful Small Island Developing State written by Boopen Seetanah and published by Taylor & Francis. This book was released on 2019-11-11 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Mauritian Paradox written by Ramola Ramtohul and published by African Books Collective. This book was released on 2018-04-11 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Speaking of Mauritius as an economic miracle has become a clich, and with good reason: Its development since Independence in 1968 can easily be narrated as a rags-to-riches story. In addition, it is a stable democracy capable of containing the conflict potential inherent in its complex ethnic and religious demography. This book brings together some of the finest scholarship, domestic as well as foreign, on contemporary Mauritius, offering perspectives from constitutional law, cultural studies, sociology, archaeology, economics, social anthropology and more. While celebrating the indisputable, and impressive, achievements of the Mauritian nation on its fiftieth birthday, this book is far from toothless. Looking back inevitably implies looking ahead, and in order to do so, critical self-scrutiny is essential, to be able to learn from the mistakes of the past. The contributors raise fundamental questions concerning a broad range of issues, from the dilemmas of multiculturalism to the marginal role of women in public life, from the question of constitutional reform and the continued problem of corruption to the slow destruction of Mauritius joy and pride, namely the beauty and purity of its natural scenery. Taking stock of the first fifty years, this book also looks ahead to the next fifty years, giving some cues as to where Mauritius can and should aim in the next decades.

Download or read book Pension Reforms in Mauritius written by Mauricio Soto and published by International Monetary Fund. This book was released on 2015-06-19 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite important past reforms, the ageing population of Mauritius threatens the sustainability of its pension system. This paper examines how pension spending might increase without reforms and discusses reforms options. The findings suggest that unifying the retirement age and indexing it to life expectancy would contribute most significantly to secure and sustainable pensions. The poverty reducing objective of the universal pension can be improved by better targeting. The old age protection objective of the National Pension Fund could be strengthened by increasing contribution and replacement rates. Implementing changes faster should result in less drastic future changes and fairer outcomes.

Download or read book Mauritius written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-04-29 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issue

Download or read book Overcoming Productivity Challenges in Small Countries written by Andre Haughton and published by Springer Nature. This book was released on 2023-03-03 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity growth has been slowing down globally in recent years in light of heightened economic crises and geopolitical tensions. This book puts the issue of low productivity growth in small countries under a microscope, exploring Jamaica’s productivity challenges in its quest to achieve its United Nation Sustainable Developmental Goals. Overall, this book provides useful examples of handicaps that small countries face and proposes different approaches in finding plausible solutions to their overarching productivity challenges. This study provides useful lessons to other countries, as well, which would like to transition from developing to developed and to better the lives of their citizens.

Download or read book OECD Investment Policy Reviews Mauritius 2024 written by OECD and published by OECD Publishing. This book was released on 2024-09-06 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review assesses the climate for domestic and foreign investment in Mauritius. It discusses the challenges and opportunities faced by the government in its reform efforts. Capitalising on the OECD Policy Framework for Investment and the OECD Foreign Direct Investment Qualities Policy Toolkit, this review explores trends and qualities in foreign investment, development successes and productivity challenges, investment policy, investment promotion and facilitation, and investment incentives. The review highlights potential reform priorities to help Mauritius fulfil its development ambitions that align with its commitment to comply with the principles of openness, transparency and non discrimination. This report also helps Mauritius, as a new Adherent to the OECD Declaration on International Investment and Multinational Enterprises, to promote greater investment policy transparency, as well as responsible business conduct.

Download or read book Econometric Analyses on Global Finance and Economic Development written by Abdul-Maliq, Yekeen Oku and published by IGI Global. This book was released on 2024-01-29 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the complex interplay between economic ideologies, political systems, and international relations is more critical than ever. The legacy of the Cold War still lingers, shaping the global stage in myriad ways. The ideological divide between capitalism and communism, democracy and authoritarianism, has left a lasting mark on our political and economic landscapes. However, as the world continues to evolve, traditional definitions and assumptions about these ideologies have begun to blur, creating a pressing need for fresh perspectives. The book, Econometric Analyses on Global Finance and Economic Development, serves as a beacon of knowledge for scholars, students, and policymakers seeking a deeper understanding of economic history, political economy, and international relations. By meticulously analyzing fifteen countries, the book unveils a remarkable transformation in economic ideologies and their impact on prosperity. From the post-Cold War era to the present day, it provides empirical evidence of how these shifts have led to more resilient and buoyant economies. Targeted towards those interested in the intersection of history, economics, and politics, this book presents an extensive analysis of countries such as China, India, Vietnam, and many others, shedding light on their economic transformations and their path to global prosperity. Whether you are a student, a researcher, or a decision-maker in the fields of economics, international relations, or development finance, this book offers valuable insights into the dynamic forces shaping our world.

Download or read book Economic Growth in Middle Income Countries written by Manuel Agosin and published by Taylor & Francis. This book was released on 2023-10-23 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a theoretical framework unlike the conventional neoclassical paradigm for the analysis of growth and deploys analytical data to understand the main policy issues affecting developing countries, with particular attention to countries which, after having a spurt of growth, have been unable to maintain the momentum of their economies. One of the guiding ideas of the book is that each one of these countries has its own middle-income trap. The book focuses the discussion on growth and development around the specific characteristics of these countries and the constraints they face to achieve rapid growth. The book offers the building blocks for an integrated approach to development economics from the perspective of developing economies themselves. It looks at real-life constraints to growth and development, such as institutions, access to financing, macroeconomic policies, the role of foreign direct investment, the pros and cons of trade and financial opening to the rest of the world, education and health issues, sustainable development in a world experiencing global warming, productive development policies, income distribution, and poverty. Further, it offers simple growth models that go beyond the conventional neoclassical model to help the reader understand the unique challenges facing developing countries. While recognizing that growth is necessary to achieve development, the book argues that there are other variables that can be just as important to wellbeing and pays close attention to issues such as health, education, and political freedom. The book summarizes the issues that are crucial for countries to be able to accelerate their growth rates and to achieve development and makes a theoretical contribution to the study of economic development, particularly growth models appropriate to middle-income countries. Thus, it will be a useful guide for researchers and academics in the field of development economics and other social sciences dealing with developing countries.

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Download or read book The Ecosocial Transition of Societies written by Aila-Leena Matthies and published by Taylor & Francis. This book was released on 2016-10-04 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking book both explains and expands the growing debate on ecological (environmental) social work at the global level. In order to achieve this, the book strengthens the environmental paradigm in social work and social policy by undertaking further research on theoretical and conceptual clarification as well as distinct reflections on its practical directions. Divided into five parts: concepts; the impact of environmental crises; sustainable communities and lifestyles; food politics; and the profession in transition, this work’s main objective is to place ecological social work as a part of the more comprehensive and interdisciplinary eco-social transition of societies towards sustainability, balancing economic and social development with the limited resources of the natural environment. By focussing on these five core concepts, it shows how social work and social policy contribute to this transition through having a research-based approach and orientation on solutions rather than problem analysis. The book will be of interest to scholars from a broad range of disciplines, including those in social work and social policy, sustainability, economics, agriculture and environmental studies.

Download or read book Seychelles written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-07-22 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Context: The robust recovery from the 2008 balance of payments and debt crisis has resulted in improved economic and social outcomes. Continued policy discipline and reforms are needed for the microstate to mitigate its geographical and population constraints and maintain momentum in developing a diversified and resilient economy. Focus: With the fiscal stance anchored by the authorities’ debt reduction objective, macroeconomic discussions concentrated on the smooth functioning of monetary and exchange rate policies. On the structural agenda, the dialogue focused on policies to promote sustained and inclusive growth, particularly on the appropriate role for state-owned enterprises (SOEs). Review: The program is on track. The authorities met the end-December quantitative performance criteria except for narrowly exceeding the ceiling on reserve money. The structural agenda remains broadly on track despite some delays. Staff recommends completion of the second review under the Extended Arrangement and modification of the performance criteria for end-June and end-December 2015, and supports the authorities’ request for a waiver for the end-December 2014 performance criterion for reserve money. Outlook and risks: With the external position having stabilized since the last review, fundamentals are strengthening. However, the economy remains highly vulnerable to global developments, including weakness in the key European markets, while domestic risks center on the role of the SOEs. Recommendations: The authorities’ objective of reducing public debt below 50 percent of GDP by 2018 remains an appropriate and attainable anchor for fiscal policy. The monetary policy framework should be further enhanced by increasing its forward orientation in the context of a flexible exchange rate. Structural measures should focus on fostering inclusiveness and private sector-led growth, while improving economic governance and the focus of SOEs. Data: Data provision is broadly adequate for surveillance. Priority areas include improved GDP statistics, strengthening external sector statistics, and extending coverage of the international investment position.