The year is 1961 and, as Oxford economist James Meade writes, “Mauritius is a small isolated island lying far out in the Indian Ocean off the east coast of Africa. It is the outstanding example of a monocrop economy. No less than 99% of her exports are sugar or direct by-products of sugar; and she relies upon imports for the vast majority of her foodstuffs, clothing, other consumption goods, raw materials and capital equipment.”
The Mauritius Miracle
The Mauritius Miracle
The Mauritius Miracle
The year is 1961 and, as Oxford economist James Meade writes, “Mauritius is a small isolated island lying far out in the Indian Ocean off the east coast of Africa. It is the outstanding example of a monocrop economy. No less than 99% of her exports are sugar or direct by-products of sugar; and she relies upon imports for the vast majority of her foodstuffs, clothing, other consumption goods, raw materials and capital equipment.”