Discuss and illustrate out the major features and problems which Mauritius has to face as a small island developing country.
What are the factors which have led to first economic Miracle?
“The objectives and business structure in Mauritius is far from the classical theory of firm based upon profit maximization and other assumptions”. Discuss and illustrate out this statement in light of the business sector in Mauritius.
Discuss and illustrate out the following:
1) Financial globalization.
2) National income and economic welfare.
3) Market failures and Free rider problem.