Junior Seminar
Date
05.11.2013
Schedule
18:00-19:00
Location
Amigos Building. Seminar 6
Speaker
Ricardo Duenas
“The Economic Development of Mauritius”
Summary

In our last session, Ricardo Duenas offered an in-depth analysis about the Mauritius Miracle. Although the country has no exploitable natural resources, he pointed out that Mauritius's GDP has grown faster than 5% annually for almost 30 years. They have been able to progress from the sugar-based monoculture of 50 years ago to a diversified economy that includes tourism, finance, and textiles. At the same time, Mauritians have chosen a path that leads to higher levels of social cohesion and strong democratic institutions. Duenas highlighted that the country still struggles with some of its colonial legacies: inequality in land and wealth, as well as vulnerability to high-stakes global politics.

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