• Mauritian experience of economic transition has been widely held as a noteworthy success story. During the eighties, Mauritian economy has achieved a remarkable degree of success in overcoming a wide range of economic problems that it faced during the latter half of seventies. In the process, Mauritius has joined the ranks of middle-income countries and the special significance of this achievement is brought out by a comparison of the development experience of Mauritius with that of other developing countries, especially the sub-Saharan African neighbours of Mauritius.

  • Major changes in global economic environment during the last two decades have induced many developing countries to re-examine their economic policies and bring about significant strategic shifts in their economic management In most cases, there has been an attempt to move away from a relatively inward looking economic regime marked by various types of controls and dominance of state owned enterprises to an outward looking liberalised economy in which the private sector is expected to play a dominant role. Two successive oil shocks of the seventies have dealt a severe blow to the balance of payments position of many low income countries and the urgent need to tackle the resulting economic crisis seems to have hastened the process of economic liberalisation in several developing countries.