Mauritius : From Preferences to Global Competitiveness, Report of the Aid for Trade Mission

Mauritius is facing a sharp transition from dependence on trade preferences to open competition in the global economy. And it must do so in an unusually difficult environment. After 20 years of remarkable performance, the economy has fallen off a high growth plateau of about 6 percent toward the 2-3...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNTING ADVERSE IMPACTS AGRICULTURE ASSET VALUE ASSETS AVERAGE PRODUCTIVITY BASIC PENSION BASIS POINTS BENEFICIARIES BOND BONDS BUSINESS INVESTMENT CAPITAL FORMATION CAPITAL INVESTMENT CASH TRANSFER COMMERCIAL BANK COMMUNICATION TECHNOLOGY COMMUNICATIONS TECHNOLOGY COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMER GOODS CONSUMER PRICE INDEX CONTRIBUTION CONTRIBUTIONS CORPORATE INCOME TAXES CORPORATE TAX CORPORATE TAX RATE COST REDUCTION CREDIBILITY CREDIT MARKETS CURRENCY CURRENT ACCOUNT DEMOCRACY DEPRECIATION DEPRECIATIONS DEVELOPMENT BANK DISPOSABLE INCOME DIVIDENDS DOMESTIC CREDIT DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICES EARNINGS ECONOMIC COOPERATION ECONOMIES OF SCALE ENVIRONMENTAL ISSUE EPZ EQUIPMENT EQUITY HOLDERS EXCHANGE CONTROL EXCHANGE MARKETS EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT MARKETS EXPORT PROCESSING ZONE EXPORTERS EXPORTS EXTERNAL SHOCKS FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DISCIPLINE FIXED COSTS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENTS FUND INFORMATION FUTURE GROWTH GDP GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL MARKET GLOBAL MARKETS GOVERNMENT DEFICITS GOVERNMENT REVENUES HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT IMPLICIT TAX INCENTIVE EFFECTS INCENTIVE STRUCTURE INCOME INCOME EFFECT INCOME GROUPS INCOME TAX INCOME TAXES INCOMES INDUSTRIAL COUNTRIES INEFFICIENCY INELASTIC DEMAND INFLATION INFORMAL ECONOMY INFORMATION TECHNOLOGY INSURANCE INTEREST RATES INTERNATIONAL MARKET INVENTORIES INVENTORY INVESTMENT BANK INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FLOWS INVESTMENT REGIMES JOB CREATION JOB TRAINING LABOR MARKET LABOR MARKETS LAND HOLDING LAND HOLDINGS LAND RECORDS LARGE FIRMS LEVY LIVING STANDARD LOCAL MARKET LONG-TERM BOND YIELDS LOSS OF REVENUE LOSS OF REVENUES LOW INCOME LOW INTEREST RATES LOW TARIFF LOW-INCOME LOW-INCOME GROUPS LOW-INCOME WORKERS MACROECONOMIC POLICIES MARKET CONDITIONS MARKET CONSTRAINTS MARKET LEVELS MARKET PRICE MARKET PRICES MARKET SHARE MARKET VALUE MEDIUM ENTERPRISE MICRO-FINANCE MIDDLE INCOME COUNTRIES MIDDLE-INCOME COUNTRY MONETARY FUND NATURAL RESOURCE NET ASSET NEW JOBS NEW MARKET NEW MARKET OPPORTUNITIES OIL PRICES OPEN ECONOMY OUTPUT OUTSOURCING PAYROLL TAXES PENSION PER CAPITA INCOME POLLUTION PREFERENTIAL ACCESS PRICE CHANGES PRIVATE INVESTMENT PROBABILITY PRODUCTION COSTS PRODUCTIVITY GROWTH PROPERTY TAXES PUBLIC INVESTMENTS PUBLIC SECTOR DEBT PURCHASE PRICE PURCHASES PURCHASING POWER RAPID GROWTH RATE OF RETURN RATE OF RETURN TO CAPITAL REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATES REFORM PROGRAM REGULATOR REPUTATION RESERVE RESERVES RETURN RETURNS SAFETY NET SAFETY NETS SECONDARY SCHOOLS SENIOR SEVERANCE PAY SHARE OF CREDIT SHAREHOLDERS SMALL BUSINESSES SMALL ENTERPRISES SOCIAL FUNDS SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SAFETY NETS SOURCE OF INFORMATION STATISTICAL ANALYSIS STRUCTURAL CHANGE TARIFF REVENUE TARIFF REVENUES TARIFF SYSTEM TAX TAX BREAK TAX BREAKS TAX CODE TAX CREDITS TAX EXPENDITURES TAX INCENTIVE TAX INCENTIVES TAX OBLIGATIONS TAX POLICY TAX RATE TAX RATES TAX REGIME TAX REVENUES TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELECOMMUNICATIONS REFORM TOTAL COSTS TOTAL FACTOR PRODUCTIVITY TRADE COMPETITIVENESS TRADE LIBERALIZATION TRADE PROTECTION TRADE REFORMS TRADE REGIME TRADING TRANSPARENCY TURNOVER UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE WAGE WAGE COSTS WAGE RATES WAGES WORK FORCE WORLD ECONOMY WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION
Online Access:	http://documents.worldbank.org/curated/en/2006/04/10378987/mauritius-preferences-global-competitiveness-report-aid-trade-mission http://hdl.handle.net/10986/8171

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Summary:	Mauritius is facing a sharp transition from dependence on trade preferences to open competition in the global economy. And it must do so in an unusually difficult environment. After 20 years of remarkable performance, the economy has fallen off a high growth plateau of about 6 percent toward the 2-3 percent range. The creation of new jobs is now too slow to prevent an increase in unemployment. Domestic investment has fallen, the external accounts have shifted from surplus into deficit by $300 million, and the country has sporadically lost reserves. This report, the first step in a process, outlines the trade competitiveness challenges facing Mauritius that, if confronted and managed, will pave the way to a return to a higher growth path. After the Government develops the specific actions in its program, the Bank will work with the government in costing the specific investments necessary to implement its program of trade competitiveness, and will help in mobilizing external support as part of the international community's effort put together a global program of aid for trade.

Mauritius : From Preferences to Global Competitiveness, Report of the Aid for Trade Mission

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