IJTEEE
International Journal of Technology Enhancements and Emerging Engineering Research (ISSN 2347-4289)
PREVIOUS PUBLICATIONS



IJTEEE >> Volume 3 - Issue 6, June 2015 Edition



International Journal of Technology Enhancements and Emerging Engineering Research  
International Journal of Technology Enhancements and Emerging Engineering Research

Website: http://www.ijteee.org

ISSN 2347-4289



A Broadened Philosophy For Savings In Mauritius

[Full Text]

 

AUTHOR(S)

Dr Nirmal Kumar Betchoo

 

KEYWORDS

Keywords: Mauritius, savings, economic growth

 

ABSTRACT

ABSTRACT: The objective of this article titled “A broadened philosophy for savings in Mauritius” firstly explains how Mauritius, an island nation in the Indian Ocean, positions itself as an emerging market with a population having the capability of spending more than saving. Although this reflects a positive sign concerning spending, it also echoes a major concern for the domestic economy that relies extensively on imports. The imbalance of trade puts the Mauritian economy to test since personal savings have not improved over the past. There have been earlier initiatives to stimulate savings in order to improve the liquidity asset of the Central Bank of Mauritius - hence the country-but these have not improved when the economy suffered from local and international negative economic cycles. This research paper, which is essentially a case study report, claims that the policy of bringing again savings as a central issue for better cash flow and reserves will be important to Mauritius. A fragile economy that is overly dependent on imports which outweigh considerably its exports might find it salutary to initiate public’s awareness on savings and these need to be precautionary.

 

REFERENCES

[1] Economy watch (2010) emerging markets economy, economy watch.com.

[2] wright, c. (2014) after the brics are the mints, but can you make any money from them? forbes, 01 july 2014.

[3] world bank (2014) poverty headcount ratio at $2 a day (ppp) (% of population), world bank group.

[4] encyclopaedia of the nations (2015) mauritius –location, size and extent, advameg, inc.

[5] the heritage foundation (2015) mauritius, 2015 index of economic freedom.ibid.

[6] the guardian (2011) the mauritius miracle, or how to make a big success of a small economy, project syndicate.

[7] statistics mauritius (2015) economy of mauritius, www.gov.mu

[8] kannan, a. and phiri, m. (2015) mauritius, african economy outlook. ibid.

[9] arouff, j.p (2014) foreign investment in mauritius jumps, real estate gets most, www.reuters.com.

[10] trading economics (2014) mauritius, balance of trade, tradingeconomics.com.

[11] etienne, p. (2004) the threatened 37% fall in the price of sugar could spell economic disaster for mauri-tius.allafrica.com

[12] statistics mauritius (2012) consumption expenditure of households and government, www.gov.muibid.

[13] bank of mauritius (2014) governor’s speech on budget, bank of mauritius.

[14] trading economics (2015) mauritius annual gdp growth rate, tradingeconomics.com.

[15] hassett, k.a. (2008) investment, the concise encyclopaedia of economics.

[16] investopedia (2015) definition of derivatives, investopedia.com

[17] khadaroo, a.j. (2014) tackling the faltering national savings rate in mauritius, university of mauritius.

[18] gustke, c. (2015) is a rewards savings account worth it? bankrate.com.

[19] southern eye (2014) national savings culture can be a boon for the economy, 23rd july 2014, southern eye co. zimbabwe.

[20] bank of mauritius (2014) government savings bonds, report, bank of mauritius.

[21] CLOUTIER, R. (2015) HOW THE FEDERAL RESERVE MANAGES MONEY SUPPLY, INVESTOPEDIA.COM.

[22] DE PAOLI, B. AND ZABCZYK, P. (2012) CYCLICAL RISK AVERSION, PRECAUTIONARY SAVING AND MONETARY POLICY, FEDERAL RESERVE BANK OF NEW YORK AND CENTRE FOR ECONOMIC PERFORMANCE, LSE.

[23] BAI SUPER CASH BACK GOLD PLAN (2014), BRITISH AMERICAN INSURANCE MAURITIUS.

[24] “AFFAIRE BAI”, L’EXPRESS, 24TH APRIL 2015.