Black markets offer few of the benefits of legally sanctioned trade. To know that the state will protect one’s rights to property will encourage the taking of risks that create wealth and foster growth. Few will risk their capital, however, if there is little assurance that the rewards of risk are secure from the arbitrary actions of government or street mobs.
Mauritius has a relatively large and well-developed domestic financial system and a growing offshore sector. 3. The authorities have embarked on an ambitious program to transform the economy, and the Government, in partnership with the private sector, is taking decisive measures to build a knowledge economy based on higher value-added services, notably in information and communication technologies. 4.