Mauritius : Inclusiveness of Growth and Shared Prosperity
Mauritius is a high middle-income country with low levels of poverty and inequality. The headcount poverty level was 6.9 percent in 2012; measured by the international standard of United States (U.S.) $2 per day (PPP), poverty was less than 1 perce...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25930129/mauritius-inclusiveness-growth-shared-prosperity http://hdl.handle.net/10986/23804 |
| Summary: | Mauritius is a high middle-income
country with low levels of poverty and inequality. The
headcount poverty level was 6.9 percent in 2012; measured by
the international standard of United States (U.S.) $2 per
day (PPP), poverty was less than 1 percent. On inequality,
Mauritius also fared well compared to its peer middle-income
countries. On the negative side, Mauritius’ growth has not
been equally shared, despite the general improvement in
welfare. The economy’s polarization was associated with a
structural transformation from labor-intensive industries to
services and knowledge-intensive industries. Inclusiveness
remains the main challenge for the current growth pattern.
When Mauritius will be able to become a high-income country
will depend on its ability to improve the labor force’s
skill set, develop infrastructure, and further improve the
business environment to attract foreign direct investment
(FDI) and generate domestic investment. Reduction in
inequality and boost of shared prosperity will require more
growth and a more pro-poor pattern of growth. An increase in
female labor force participation, reduction of high youth
unemployment rates, improving the efficiency of the social
protection system will reduce growing skills mismatch
facilitating inclusive growth and eradicating poverty in Mauritius. |
|---|