Relative to Singapore complimentary of the bean-counting policies of Dr. Sithanen. That's what you conclude when you look at the annualised growth rates in USD for the two islands during the whole time he was Minister of Finance till December last.
Indeed, Singapore added an unbelievable 9.75% every year to the growth rate in USD Sithanen produced for Mauritius in his career. Or if you prefer Singapore posted a 7.72% growth rate on average while its currency appreciated against the American dollar while Sithanen's growth rate numbers don't look very good once you remove the effect of the persistent depreciation of our rupee that he's been orchestrating.
5 comments:
A tale of 2 countries + a tale of 2 (or more) Mauritius!
What about computing for the periods, say, 1950-1968, 1968-1982 and 1982 onwards?
I am working on those too and will roll them out soon so that we can have a vigorous debate about our country. It's gonna be a lot of fun! Stay tuned!
Pl forget not that thanks to the "reforms", such miraculous growth is possible to put us ahead of the curve and achieve growth when the whole world is in recession, giving us a bumper crop and fiscal space. Then, why should PM be so proud to claim first position for rode ene boute from the Trade Finance package of G20/IMF?
Also, if a Stimulus Package of 3.8% of GDP will give us additional growth rate of 1-1.5%, when projected growth rate for 2009 is revised officially to 2.8%, then purely with " reforms" sans Stimulus Package, growth rate would have been 1.3-1.8%? Clearly & unambiguously, reforms are adverse to growth then! I await your numbers for putting these reforms in better perspective still!
Good point. And it seems that record FDI too is a source of depressed growth!
There are actually more than a dozen posts on growth (just type growth rates in the search box and you'll see them). Plus other interesting insights are on their way.
But you will want to check this one first: http://kozelidir.blogspot.com/2008/11/ministers-and-growth-rates-last-20.html. Please try not to laugh out too loud though.
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