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Article: Mauritius A role model for Africa.
- Article from:
- African Business
- Article date:
- May 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The World Bank's latest economic report estimates that the average annual growth rate for developing countries will be 4.6%. It added that countries such as India and China, which are concentrating on economic diversification, would perform even better.
Ironically, Mauritius is one developing country that has long outstripped growth rates of 4.5% and has based its progress on economic diversification. Yet economists are watching carefully to see any signs of structural weakness as it moves towards what has long been an idealistic African dream but could be a huge mistake: membership of a functioning Common Market for East and South Africa (COMESA). There are ...