News

Fixing the illiberal democracy that is Mauritius

2020-08-17T12:38:32+04:00August 17th, 2020|Economy, News|

By Sameer Sharma Aristotle’s favoured form of government was the rule by the best over the rest, an aristocracy based on merit rather than blood. The philosopher even thought that a good monarchy was better than a democracy. Aristotle’s key objection to democracy was that it undermined the rule of law. To say that a state [...]

The holy alliance between democracy and capitalism

2020-08-17T15:05:13+04:00August 17th, 2020|Economy, News|

By Mubarak Sooltangos Numerous economists have said that the juxtaposition of democracy and capitalism is the best combination the world has had so far because of its capacity to generate growth and produce wealth. Yes, wealth has undeniably been created, but why is this contemporary world in such a mess, and why has this [...]

Our mindset deficit

2020-08-17T12:20:53+04:00August 17th, 2020|Economy, News|

By Samad Ramoly Some twenty years ago, inspired by former diplomat Kishore Mabhubani’s provocative “Can Asians think?”, I ventured into “Can Mauritians think?”. As expected, it ruffled feathers in conservative circles. Still, “Has the world been dumbed down?” would convey a fairer observation. Although we are far from being equally infected worldwide. The extent [...]

The monetary policy muddle

2020-08-17T13:08:58+04:00August 17th, 2020|Economy, News|

By Sushil Khushiram The response of the Bank of Mauritius (BoM) to the Covid-19 shock was initially in line with the monetary policy stance of most other central banks. Interest rates were significantly reduced worldwide, almost touching the lower zero bound in a number of advanced countries. Unconventional quantitative easing policies have also been [...]

La classe moyenne confinée

2020-08-17T12:12:58+04:00August 13th, 2020|Economy, News|

Par Eric Ng Ping Cheun La classe moyenne est très large, allant de la classe inférieure à la classe supérieure. Les dernières données de Statistics Mauritius indiquent que le revenu mensuel médian, comprenant le salaire de base, les allocations et les heures supplémentaires, se situe à Rs 16 900 en 2019, c’est-à-dire que 50% [...]

Le budget examiné dans sa globalité

2020-06-15T13:25:49+04:00June 15th, 2020|Economy, News|

Par Mubarak Sooltangos Maintenant que le budget national a été dévoilé, c’est le moment de l’analyse. Je ne vais pas m’attarder sur les commentaires du grand public. Cette frange de la population commente la partie du budget qui la concerne, applaudit les baisses de prix comme le gaz ménager, craint pour son emploi et [...]

Notre économie prendra deux ans et demi avant de revenir à son niveau de 2019

2020-06-15T13:28:06+04:00June 15th, 2020|Economy, News|

Par Eric Ng Ping Cheun Etant donné le Covid-19, nombreux sont ceux qui pensent à un Discours du Budget éloigné du changement minimal proposé annuellement par chaque ministre des Finances. Nous l’avons entendu dans plusieurs pays du monde : la pandémie  est une occasion pour effectuer des choix fondamentaux. Il s’agit de prendre une nouvelle direction [...]

The Achilles heel of the 2020-2021 budget

2020-06-15T12:50:16+04:00June 15th, 2020|Economy, News|

By Sameer Sharma All finance ministers operate within a system, and unless the people and the politicians as a whole push for change, macroeconomic policies will remain constrained. In order for Mauritius to transition from an upper middle income to high income economy, there are three key steps which it must take and pass with [...]

A more ethical post-COVID era

2020-04-28T12:39:32+04:00April 28th, 2020|Economy, News|

By Samad Ramoly In 1999 when thinker activist Naomi Klein broke through, her book No Logo: Taking Aim at the Brand Bullies gathered a wide following of rebels against unfettered capitalism. The now cult band Radiohead captured the energy to spawn its haunting spleen among many Millenials, today's generation 24-39. As expected, the book attracted [...]

Helping Mauritius towards a sustainable development path

2020-04-28T11:52:59+04:00April 28th, 2020|Economy, News|

By Jaime de Melo “Trade can’t sit outside of our work to tackle climate change. In fact international trade rules are uniquely placed to be part of the solution by removing trade barriers for green products and services and stopping pollution being subsidised… If trade rules can require subsidies to be removed from things like [...]

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