Since independence from Britain in 1968, Mauritius has developed from a low-income, agriculture-based economy to a high-income diversified economy, based on tourism, textiles, sugar, and financial services. The economic history of Mauritius since independence has been called "the Mauritian Miracle" and the "success of Africa" (Romer, 1992; Frankel, 2010; Stiglitz, 2011).