Mauritius - Enhancing and Sustaining Competitiveness : Policy Notes on Trade and Labor

Mauritius is a well known successful development story. The country's Gross Domestic Product (GDP) per capita rose from 38 percent below the world average in 1981 to 16 percent above the average by 2008. Such a performance is not the fruit of luck or use of natural advantages as it was accomplished through man-made efforts and policy actions. The combination of (i) active industrialization policies together with opportunistic use of preferential trade access; and (ii) participatory institutions that assured voice and rent redistribution across the society ensured labor intensive growth and the emergence of a virtuous cycle in development. Mauritius knew what needed to be done. A National Long-Term Perspective Study (NLTPS), also known as Vision 2020, started in 1990 and was completed in 1997. The goal of opening up and diversifying the economy by moving towards high value-added, skill and knowledge intensive service sectors was already well articulated in the study - with explicit reference to the potential of 'computer services' which today is embedded in the Information and Communications Technology (ICT) sector. The global crisis in 2008 was a threatening reminder of vulnerabilities. Mauritius is structurally vulnerable to external shocks. With a small domestic market unable to promote or sustain production growth by itself and a high dependence on raw materials, food and energy imports, the country is necessarily tied to developments in the world economy. An overarching challenge for Mauritius to achieve the envisaged transformation towards a higher value added economy and sustain economic growth is to improve its productivity performance. This report focuses on two key fundamental instruments for that: (i) trade policy and (ii) labor policy.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2010-12-03
Subjects:	ACCESS TO INFORMATION, ADVANCED ECONOMIES, AGRICULTURE, BALANCE OF PAYMENTS, BARRIER, BENCHMARKING, BUDGET PERFORMANCE, BUFFER, BUSINESS CLIMATE, BUSINESS ENVIRONMENT, BUSINESS OPPORTUNITIES, CAPITAL ACCOUNT, CAPITAL ACCUMULATION, CAPITAL INFLOWS, CAPITAL INTENSITY, CENTRAL BANK, COMMODITY, COMMODITY PRICES, COMMON MARKET, COMMUNICATIONS TECHNOLOGY, COMPETITIVENESS, COMPLIANCE COSTS, CONNECTIVITY, CONSTANT VALUE, CONSUMER PROTECTION, CONSUMERS, CONSUMPTION GOODS, COST STRUCTURE, CREDIBILITY, CURRENCY, CURRENCY APPRECIATION, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICIT, DEBT, DEMOGRAPHICS, DEVELOPED COUNTRIES, DEVELOPING ECONOMIES, DEVELOPMENT INVESTMENT, DEVELOPMENT POLICY, DOMESTIC ECONOMY, DOMESTIC MARKET, DOMESTIC MARKETS, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC EFFICIENCY, ECONOMIC GROWTH, ECONOMIC LIFE, ECONOMIC OUTLOOK, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIES OF SCALE, EFFICIENT REGULATION, EMERGING ECONOMIES, EPZ, EQUILIBRIUM, EXCHANGE RATE, EXCHANGE RATE REGIME, EXCHANGE RATES, EXPANSIONARY FISCAL POLICY, EXPORT GROWTH, EXPORT MARKETS, EXPORT PROCESSING ZONE, EXPORT SECTOR, EXPORTER, EXPORTERS, EXPORTS, EXTERNAL FINANCING, EXTERNAL SHOCKS, FINANCIAL CRISIS, FINANCIAL INTERMEDIATION, FINANCIAL MANAGEMENT, FINANCIAL SERVICES, FISCAL CONSOLIDATION, FISCAL POLICIES, FISCAL POLICY, FISH, FISHERIES, FIXED COSTS, FOOD PRICES, FOREIGN DIRECT INVESTMENT, FOREIGN FIRMS, FOREIGN GOVERNMENTS, FOREIGN INVESTORS, GDP, GDP PER CAPITA, GLOBAL DEMAND, GLOBAL ECONOMY, GLOBAL MARKET, GLOBAL MARKETS, GLOBALIZATION, GROSS DOMESTIC PRODUCT, GROWTH POTENTIAL, GROWTH RATE, GROWTH RATES, HUMAN CAPITAL, HUMAN RESOURCES DEVELOPMENT, IMBALANCES, IMPORT, IMPORT BARRIERS, IMPORTS, INCOME, INDUSTRIALIZATION, INEFFICIENCY, INFORMATION TECHNOLOGY, INFRASTRUCTURE INVESTMENT, INSTITUTIONAL ENVIRONMENT, INTEREST RATE, INTEREST RATES, INTERNATIONAL BEST PRACTICE, INTERNATIONAL COMPETITION, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INVESTMENT CLIMATE, INVESTOR CONFIDENCE, JOB CREATION, LABOR FORCE, LABOR FORCE GROWTH, LABOR MARKET, LABOR MARKETS, LABOR PRODUCTIVITY, LESS DEVELOPED ECONOMY, LEVERAGE, LOCAL CURRENCY, LOW TARIFF, MACROECONOMIC POLICIES, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MARKET ACCESS, MARKET ENTRY, MARKET LEADER, MARKET PERFORMANCE, MARKET SHARE, MARKET TRENDS, MEDIUM TERM EXPENDITURE FRAMEWORK, MIDDLE INCOME COUNTRIES, MIDDLE-INCOME COUNTRY, MONETARY POLICY, OIL, OIL PRICES, OPEN ECONOMIES, OPEN ECONOMY, OUTPUT, OUTPUT RATIO, OUTSOURCING, PENSION, POLICY DECISIONS, POLICY ENVIRONMENT, POLITICAL ECONOMY, POPULATION GROWTH, PORTFOLIO, PORTFOLIO INVESTMENT, POVERTY REDUCTION, POWER PARITY, PREFERENTIAL ACCESS, PRIVATE CAPITAL, PRIVATE CAPITAL FLOWS, PRIVATE INVESTMENT, PRIVATE SECTOR DEVELOPMENT, PRODUCERS, PRODUCTION COSTS, PRODUCTIVITY GROWTH, PROFIT MARGINS, PROTECTIONISM, PUBLIC DEBT, PUBLIC PARTICIPATION, PUBLIC POLICY, PURCHASING POWER, PURCHASING POWER PARITY, QUOTAS, REAL ESTATE, REFORM PROGRAM, REGIONAL INTEGRATION, REGIONAL TRADE, REGULATORY ENVIRONMENT, REGULATORY FRAMEWORK, REGULATORY POLICY, REGULATORY REFORM, REGULATORY SYSTEM, RESOURCE ALLOCATION, SKILLED WORKERS, SKILLS SHORTAGES, SLOWDOWN, SMALL ECONOMY, SOCIAL COSTS, SOCIAL PROTECTION, STEADY STATE, TARIFF BARRIER, TARIFF BARRIERS, TAX, TAX BREAKS, TAX RATE, TAX REFORMS, TAX SYSTEM, TERMS OF TRADE, TOTAL FACTOR PRODUCTIVITY, TOXIC MATERIALS, TRADE BALANCE, TRADE BARRIERS, TRADE COMPETITIVENESS, TRADE FACILITATION, TRADE LIBERALIZATION, TRADE POLICIES, TRADE POLICY, TRADE PROTECTION, TRADE REFORMS, TRADE STRATEGIES, TRANSPARENCY, UNCERTAINTIES, UNEMPLOYMENT, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, VALUE ADDED, VIRTUOUS CYCLE, WEALTH, WORLD ECONOMIES, WORLD ECONOMY, WORLD MARKET, WORLD MARKETS, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110603004959 https://hdl.handle.net/10986/2987
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