How did Financial System Development has promoted Economic Growth in Mauritius??

60.1K

Verified Solution

Question

Finance

How did Financial System Development has promoted EconomicGrowth in Mauritius??

Answer & Explanation Solved by verified expert
4.4 Ratings (610 Votes)
In the early 1970s Mauritius supported a monocrop economy mainly sugardependent and developed into a multisector economy with remarkable per capita income increase Mauritius successfully diversified into various sectors of an economy such as textiles tourism and financial services But a structural transition occurred in the 1970s as Mauritius moved from the agricultural to the industrial market The Government has adopted a plan for import substitution with the goal of substantially reducing imports Unfortunately no economic growth has been    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

How did Financial System Development has promoted EconomicGrowth in Mauritius??

Other questions asked by students