“On 1 July 2020, Mauritius officially joined the ranks of high-income countries.”
This milestone, about a year ago, is the opening sentence of a 2021 World Bank report on Mauritius.
Mauritius thus becomes the second African country, after the Seychelles, to be classified as high income.
This is a remarkable achievement for a small island country with a population of 1.3 million which, after independence in 1968, was believed to be doomed to failure by some of the leading world economists, including Nobel Prize winners.
This was because of its rapidly increasing multiracial population, its heavy reliance on a vulnerable single crop, sugarcane, and the absence of natural resources.
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