With a Nobel laureate and leading macroeconomist in the audience, Professor Pissarides, by whom I had the privilege to be taught graduate macroeconomics, I can’t resist the temptation to say one word on this.
A couple of days ago, we celebrated our 40th Anniversary as an independent nation. In spite of several handicaps like limited natural resources, remoteness from major markets, a small domestic market and vulnerability to cyclones and man-made external shocks alike, Mauritius has achieved one of the highest per capita GDP in Africa.