Presentation OutlinenA brief introduction to MauritiusnPreemptive reforms during the 2006-2008 period: creating the necessary fiscal space to face the crisisnThe threatening Global CrisisnKey short-run response to the crisisnA few lessons from the crisisnThe Euro-crisis and its likely impact on Mauritius
Brief Introduction to MauritiusnA small island of 1.3 million people with a 550 k labour force.nAn annual GDP of about USD 9 billionnOne of the fastest growing economies of Africa averaging 5% + during last forty yearsnSize of domestic economy requires leveraging of external markets to sustain growthnBy construction, Mauritius cannot be insulated from developments in the global economy
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Mauritius: from a Doom scenario to a Glittering onePRE-INDEPENDENCE YEARSnmono-crop agricultural economynno scope for a manufacturing basenper capita income less than USD 200nrapidly growing populationnhigh wealth and income inequalitynhigh unemploymentnsusceptible to ethnic tensions