The years are 2005 to 2008 and the data is from the World Bank. That should steal away the thunder from the few bean-counters around who keep overselling their achievements as far as the management of the economy goes. Here are some of the countries that had better growth rates than Mauritius in each of these four years:
Argentina and Brazil (Lol! they turned their back on the Bretton-Wood sisters in 2005), Bangladesh, China, Egypt, Ethiopia, Ghana, India, Indonesia, Madagascar, Malaysia, Mozambique, Russian Federation, Sri Lanka, Tanzania, Uganda, Vietnam and Zambia.
How do you like the perspective?
Someone said recently that there are more skeletons in the placard !!! Curiously, that economist-turned-businessman believes that these will disappear as soon as you devalue the Rupee !!! I am glad to hear that Manou will be in command for the next three years at least.
ReplyDeleteI think this is no surprising news! The people have been brain washed with the economy crisis to think that all the ills emanate from it.
ReplyDeleteI think we are the only country in the world that blame external factors for price increases. Funnily enough, when the causes for the those "increase" have vanished, the price always stays put!
As for the economy, I wonder what will ever happen to Mauritius if the non tax treaty alliance is ever put in jeopardy. Do people ever realise that the country with the most FDI in India is Mauritius! These benefits, never trickle down to the small people on the street though.
@Vikramg.
ReplyDeleteBrainwashing is flourishing in Mauritius. It has perhaps become the most sucessful line of busines in the country. People are brainwashed by those who hold power, by the MBC, by the "free press", by the Corporate world, by.....
The poor people are alas at the receiving ends of everything. If ever the bubble bursts who will pay the most if not the poor masses.
Just read in the paper today that Singapore reported a 30% growth on a quarter to quarter basis. This is the third successive almost 30% growth per quarter.
ReplyDeleteFor a country, where people were retrenched and most of them had to take massive pay cuts, this is indeed impressive.
Now, if we want to compare to paradise island:
1. Ministers rewarded themselves with pay increase.
2. Massive job losses - huh - Stimulus package to mismanaged companies..
@Vikramg: wi met tou tor lor fakter externe. Chek sa.
ReplyDeleteSi € pe tombe ene tigit sa v dire ki profi pu baisse ene tigit. Ki sa kalite entreprener ki ferme kompaygni kuma premier kut divan batte? Ban reserve kin akimile la pa konte alors?
Singapore banla pu kup zot saler kan bizin parski zot kone ki zot ena ene gouvernman genuine e ki leffor relier ek reward.