Tiny Mauritius Learns Downside Of Globalization
SourcePORT LOUIS, MAURITIUS, August 14, 2003: After winning independence from Britain in 1968, the government of this island off the coast of Madagascar, decided to embrace the global economy, creating an export zone with low taxes and relaxed labor laws. Clothing companies set up textile factories on the island, turning Mauritius into a powerhouse. Median household income nearly doubled in…
