Mauritius The Drivers Of Growth Can The Past Be Extended

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Mauritius The Drivers of Growth—Can the Past be Extended?

Author : Katsiaryna Svirydzenka
Publisher : International Monetary Fund
ISBN 13 : 1498314864
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Mauritius The Drivers of Growth—Can the Past be Extended? by : Katsiaryna Svirydzenka

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.

Mauritius the Drivers of Growth-Can the Past Be Extended?

Author : Katsiaryna Svirydzenka
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Mauritius the Drivers of Growth-Can the Past Be Extended? by : Katsiaryna Svirydzenka

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.

Global Productivity

Author : Alistair Dieppe
Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

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

The Mauritian Paradox

Author : Ramola Ramtohul
Publisher : African Books Collective
ISBN 13 : 9990373507
Total Pages : 293 pages
Book Rating : 4.9/5 (93 download)

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Book Synopsis The Mauritian Paradox by : Ramola Ramtohul

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.

Pension Reforms in Mauritius

Author : Mauricio Soto
Publisher : International Monetary Fund
ISBN 13 : 1513539108
Total Pages : 24 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Pension Reforms in Mauritius by : Mauricio Soto

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.

The Growth Report

Author : Commission on Growth and Development
Publisher : World Bank Publications
ISBN 13 : 0821374923
Total Pages : 198 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Growth Report by : Commission on Growth and Development

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.

Mauritius

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498312004
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Mauritius by : International Monetary Fund. African Dept.

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: This Selected Issues paper develops a Financial Conditions Index (FCI) for Mauritius—an instrument to gauge the operational state of the financial sector and predict real economy activity. The evolution of Mauritius’ financial services sector has been supported by a vibrant offshore corporate sector. Given the strong macro-financial linkages, it is imperative to closely monitor domestic financial developments. Financial developments are broader than monetary developments depicting money supply and interest rates. The FCI is a robust predictor of real GDP growth in Mauritius. The FCI can also help inform macroprudential policy decisions. Decisions on setting the countercyclical capital buffer of Basel III could be informed by analyzing developments in the FCI. As historically Mauritius has not experienced drastic swings in financial credit, testing the constructed FCIs for predicting boom-bust episodes is difficult. Nevertheless, the FCI signaled lax financial conditions in 2009 and again in 2012 that likely contributed to accelerated credit growth in 2012–2013 and a subsequent acceleration in nonperforming loans during 2014–2016.

Overcoming Productivity Challenges in Small Countries

Author : Andre Haughton
Publisher : Springer Nature
ISBN 13 : 3031233018
Total Pages : 312 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Overcoming Productivity Challenges in Small Countries by : Andre Haughton

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.

OECD Investment Policy Reviews: Mauritius 2024

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264726462
Total Pages : 242 pages
Book Rating : 4.2/5 (647 download)

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Book Synopsis OECD Investment Policy Reviews: Mauritius 2024 by : OECD

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.

Econometric Analyses on Global Finance and Economic Development

Author : Abdul-Maliq, Yekeen Oku
Publisher : IGI Global
ISBN 13 :
Total Pages : 313 pages
Book Rating : 4.3/5 (693 download)

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Book Synopsis Econometric Analyses on Global Finance and Economic Development by : Abdul-Maliq, Yekeen Oku

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.

Economic Growth in Middle-Income Countries

Author : Manuel Agosin
Publisher : Taylor & Francis
ISBN 13 : 1000983978
Total Pages : 372 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Economic Growth in Middle-Income Countries by : Manuel Agosin

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.

The Ecosocial Transition of Societies

Author : Aila-Leena Matthies
Publisher : Taylor & Francis
ISBN 13 : 1317034600
Total Pages : 349 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis The Ecosocial Transition of Societies by : Aila-Leena Matthies

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.

Mauritius

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498311997
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Mauritius by : International Monetary Fund. African Dept.

Seychelles

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513542656
Total Pages : 104 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Seychelles by : International Monetary Fund. African Dept.

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.

Regional Economic Outlook, April 2015, Sub-Saharan Africa

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475595395
Total Pages : 121 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Regional Economic Outlook, April 2015, Sub-Saharan Africa by : International Monetary Fund. African Dept.

Download or read book Regional Economic Outlook, April 2015, Sub-Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-04-28 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp decline in oil and other commodity prices have adversely impacted sub-Saharan Africa. Nevertheless, the region is projected to register another year of solid economic performance. In South Africa, however, growth is expected to remain lackluster, while in Guinea, Liberia, and Sierra Leone the Ebola outbreak continues to exact a heavy economic and social toll. This report also considers how sub-Saharan Africa can harness the demographic dividend from an unprecedented increase in the working age population, as well as the strength of the region's integration into global value chains.

Small Island Developing States

Author : Stefano Moncada
Publisher : Springer Nature
ISBN 13 : 3030827747
Total Pages : 390 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Small Island Developing States by : Stefano Moncada

Download or read book Small Island Developing States written by Stefano Moncada and published by Springer Nature. This book was released on 2021-10-19 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how vulnerable and resilient communities from SIDS are affected by climate change; proposes and, where possible, evaluates adaptation activities; identifies factors capable of enhancing or inhibiting SIDS people’s long-term ability to deal with climate change; and critiques the discourses, vocabularies, and constructions around SIDS dealing with climate change. The contributions, written by well-established scholars, as well as emerging authors and practitioners, in the field, include conceptual papers, coherent methodological approaches, and case studies from the communities based in the Caribbean Sea and the Indian, Atlantic, and Pacific Oceans. In their introduction, the editors contextualise the book within the current literature. They emphasise the importance of stronger links between climate change science and policy in SIDS, both to increase effectiveness of policy and also boost scholarly enquiry in the context of whose communities are often excluded by mainstream research. This book is timely and appropriate, given the recent commission by the Intergovernmental Panel on Climate Change (IPCC) of a Special Report that aims at addressing vulnerabilities, “especially in islands and coastal areas, as well as the adaptation and policy development opportunities” following the Paris Agreement. Coupled with this, there is also the need to support the policy community with further scientific evidence on climate change–related issues in SIDS, accompanying the first years of implementation of the United Nations Sustainable Development Goals.

IMF Research Bulletin, September 2014

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498340040
Total Pages : 18 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis IMF Research Bulletin, September 2014 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, September 2014 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2014-10-11 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of “IMF Economic Review” with a link to an article by Paul Krugman.