Since independence from Britain in 1968, Mauritius has developed from a low-income, agriculture-based economy to a high-income diversified economy, based on tourism, textiles, sugar, and financial services. The economic history of Mauritius since independence has been called "the Mauritian Miracle" and the "success of Africa" (Romer, 1992; Frankel, 2010; Stiglitz, 2011). In recent years, information and communication technology, seafood, hospitality and property development, healthcare, renewable energy, and education and training have emerged as important sectors, attracting substantial investment from both local and foreign investors. Mauritius has no exploitable fossil fuel reserves and so relies on petroleum products to meet most of its energy requirements. Local and renewable energy sources are biomass, hydro, solar and wind energy. The country will be potentially among the main winners after the global transition to renewable energy is completed; it is ranked ...
Comments
Post a Comment