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Abstract This article examines the forms of economic restructuring recently undertaken by Mauritius and Seychelles in response to recent changes in the global economy, which have a fundamental impact upon their socio‐economic landscape. We argue that both Mauritius and Seychelles have recently embarked upon programmes that do not actually attenuate their exposure to the vagaries of international trade but continue a historic pattern of development that addresses ailing economic performance by refining and then replacing one small set of industries with another. The latest phase of restructuring is merely the most recent instalment in this pattern. Copyright © 2011 John Wiley & Sons, Ltd.
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