Tag: GDP per capita

Mauritius is of serious significance to countries in the Africa sphere. Its high ranking means that the economy of the country is organised in a manner that brings great benefits to its inhabitants. This island country is ranked 7th out of 162 countries in the Economic Freedom of the World Report 2020. 

The country’s economic junk status is a direct result of policy intransigence. Current government decisions appear to be based on a lack of consideration for the lessons of history. Economies are fragile. Persistent adverse policy-making breaks down an economy, reduces productive investment and economic activity, and causes untold harm to citizens.

tructural reforms urgently needed as annual growth drops to 0% y-o-y. Statistics South Africa (StatsSA) reported on June 4 that the South African economy contracted by 3.2% quarter-on-quarter (q-o-q) during the first quarter of 2019 – the biggest decline in 10 years.

In South Africa it is well known that women suffer the brunt of our many socio-economic issues. This is largely how females are viewed across South African culture, rather than as a matter of law. According to the Economic Freedom of the World index, South Africa scores 1.0, the highest possible score, according to the gender adjustment variable.

There is no denying that we live in the most technologically advanced era the Earth has ever seen and this is due to property rights and free trade. Removing restrictions on trade between individuals in a country is important, but removing restrictions on trade between individuals in different countries is arguably even more important given the enormous size of the global market compared to any single country’s domestic market.

Small business is widely acknowledged as the engine of economic growth in both developing and developed economies. The South African government also recognises this.