World Bank2012-06-152012-06-152006-04https://hdl.handle.net/10986/8171Mauritius 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.en-USCC BY 3.0 IGOACCOUNTINGADVERSE IMPACTSAGRICULTUREASSET VALUEASSETSAVERAGE PRODUCTIVITYBASIC PENSIONBASIS POINTSBENEFICIARIESBONDBONDSBUSINESS INVESTMENTCAPITAL FORMATIONCAPITAL INVESTMENTCASH TRANSFERCOMMERCIAL BANKCOMMUNICATION TECHNOLOGYCOMMUNICATIONS TECHNOLOGYCOMPARATIVE ADVANTAGECOMPETITIVENESSCONSUMER GOODSCONSUMER PRICE INDEXCONTRIBUTIONCONTRIBUTIONSCORPORATE INCOME TAXESCORPORATE TAXCORPORATE TAX RATECOST REDUCTIONCREDIBILITYCREDIT MARKETSCURRENCYCURRENT ACCOUNTDEMOCRACYDEPRECIATIONDEPRECIATIONSDEVELOPMENT BANKDISPOSABLE INCOMEDIVIDENDSDOMESTIC CREDITDOMESTIC MARKETDOMESTIC MARKETSDOMESTIC PRICESEARNINGSECONOMIC COOPERATIONECONOMIES OF SCALEENVIRONMENTAL ISSUEEPZEQUIPMENTEQUITY HOLDERSEXCHANGE CONTROLEXCHANGE MARKETSEXCHANGE RATEEXPENDITUREEXPENDITURESEXPORT MARKETSEXPORT PROCESSING ZONEEXPORTERSEXPORTSEXTERNAL SHOCKSFINANCIAL CRISISFINANCIAL SECTORFINANCIAL SERVICESFISCAL DISCIPLINEFIXED COSTSFOREIGN COMPANIESFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN INVESTMENTSFUND INFORMATIONFUTURE GROWTHGDPGLOBAL ECONOMYGLOBAL EXPORTSGLOBAL MARKETGLOBAL MARKETSGOVERNMENT DEFICITSGOVERNMENT REVENUESHUMAN DEVELOPMENTHUMAN RESOURCEHUMAN RESOURCESHUMAN RESOURCES DEVELOPMENTIMPLICIT TAXINCENTIVE EFFECTSINCENTIVE STRUCTUREINCOMEINCOME EFFECTINCOME GROUPSINCOME TAXINCOME TAXESINCOMESINDUSTRIAL COUNTRIESINEFFICIENCYINELASTIC DEMANDINFLATIONINFORMAL ECONOMYINFORMATION TECHNOLOGYINSURANCEINTEREST RATESINTERNATIONAL MARKETINVENTORIESINVENTORYINVESTMENT BANKINVESTMENT CAPITALINVESTMENT CLIMATEINVESTMENT DECISIONSINVESTMENT FLOWSINVESTMENT REGIMESJOB CREATIONJOB TRAININGLABOR MARKETLABOR MARKETSLAND HOLDINGLAND HOLDINGSLAND RECORDSLARGE FIRMSLEVYLIVING STANDARDLOCAL MARKETLONG-TERM BOND YIELDSLOSS OF REVENUELOSS OF REVENUESLOW INCOMELOW INTEREST RATESLOW TARIFFLOW-INCOMELOW-INCOME GROUPSLOW-INCOME WORKERSMACROECONOMIC POLICIESMARKET CONDITIONSMARKET CONSTRAINTSMARKET LEVELSMARKET PRICEMARKET PRICESMARKET SHAREMARKET VALUEMEDIUM ENTERPRISEMICRO-FINANCEMIDDLE INCOME COUNTRIESMIDDLE-INCOME COUNTRYMONETARY FUNDNATURAL RESOURCENET ASSETNEW JOBSNEW MARKETNEW MARKET OPPORTUNITIESOIL PRICESOPEN ECONOMYOUTPUTOUTSOURCINGPAYROLL TAXESPENSIONPER CAPITA INCOMEPOLLUTIONPREFERENTIAL ACCESSPRICE CHANGESPRIVATE INVESTMENTPROBABILITYPRODUCTION COSTSPRODUCTIVITY GROWTHPROPERTY TAXESPUBLIC INVESTMENTSPUBLIC SECTOR DEBTPURCHASE PRICEPURCHASESPURCHASING POWERRAPID GROWTHRATE OF RETURNRATE OF RETURN TO CAPITALREAL EXCHANGE RATEREAL INTERESTREAL INTEREST RATESREFORM PROGRAMREGULATORREPUTATIONRESERVERESERVESRETURNRETURNSSAFETY NETSAFETY NETSSECONDARY SCHOOLSSENIORSEVERANCE PAYSHARE OF CREDITSHAREHOLDERSSMALL BUSINESSESSMALL ENTERPRISESSOCIAL FUNDSSOCIAL PROTECTIONSOCIAL SAFETY NETSOCIAL SAFETY NETSSOURCE OF INFORMATIONSTATISTICAL ANALYSISSTRUCTURAL CHANGETARIFF REVENUETARIFF REVENUESTARIFF SYSTEMTAXTAX BREAKTAX BREAKSTAX CODETAX CREDITSTAX EXPENDITURESTAX INCENTIVETAX INCENTIVESTAX OBLIGATIONSTAX POLICYTAX RATETAX RATESTAX REGIMETAX REVENUESTAX SYSTEMTAXATIONTECHNICAL ASSISTANCETELECOMMUNICATIONSTELECOMMUNICATIONS REFORMTOTAL COSTSTOTAL FACTOR PRODUCTIVITYTRADE COMPETITIVENESSTRADE LIBERALIZATIONTRADE PROTECTIONTRADE REFORMSTRADE REGIMETRADINGTRANSPARENCYTURNOVERUNEMPLOYEDUNEMPLOYMENTUNEMPLOYMENT RATEWAGEWAGE COSTSWAGE RATESWAGESWORK FORCEWORLD ECONOMYWORLD MARKETWORLD TRADEWORLD TRADE ORGANIZATIONWorld Bank10.1596/8171