Economy

Construction: a key driver of economic growth?

2019-12-26T13:26:45+04:00December 26th, 2019|Economy|

By Eric Ng Ping Cheun  Contrary to tourism, manufacturing and financial services, construction is a non-tradable sector, which includes housing construction, construction of business structure and infrastructure-related construction. There is a relationship between stages of economic growth and demand for construction. Construction demand is low in less developed economies. During their expansion phase, the growth [...]

Le modèle économique mauricien : En pleine mutation

2019-12-30T10:38:36+04:00December 10th, 2019|Economy|

Par Pierre Dinan Nous voici à l’orée des années vingt, soit au début de la troisième décennie  du vingt et unième siècle. Sans nous en rendre vraiment compte, parce que littéralement submergés par les évènements d’actualité, nous voici aussi abordant la deuxième année du deuxième cinquantenaire de notre pays indépendant et souverain, lequel sera célébré [...]

Mauritius is wrestling with a shattered system

2019-11-26T11:41:36+04:00November 26th, 2019|Economy|

By Samad Ramoly  A decade or so ago, some of the richest Germans publicly pledged to contribute to a fairer share of taxes. In 2011, American billionaire Warren Buffet even warned us: “Stop coddling the rich (https://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html)”. As, in effect, tax credits, creative accounting and tax havens allow him to pay less tax rate than [...]

The pitfalls of demand-side policies

2019-11-22T15:43:18+04:00November 22nd, 2019|Economy|

By Sameer Sharma Economists are often criticised for being overly prescriptive when it comes to economic policy making. Economics is indeed more complicated than most economists think. Relationships between variables are non linear, and expectations and sentiment have their own difficulty to measure dynamics at play. In the case of a highly politicised Mauritian landscape, [...]

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