A Turning Point For Morocco s Political System - 1455 Words

The 1980’s marked a turning point for Morocco’s political system. Up to then, Moroccos primary focus was on keeping the country together and to consolidate their state institutions and very little importance was given to sound economic policy (Ali, Ben 2007). In 1982 the financial crisis helped in sparking interest in their economic issues leading to adjutments in the structure of liberalization and privatisation in order to get foreign direct investments (FDI). The reforms were aimed at trade and credit and they took away import quotas and tariff rates were reduced to create a better environment for FDI that required guarantees for property and contract rights (IFIs), such as the International Monetary Fund, who gave the country†¦show more content†¦(Mouden 1998) argues the first and most vital effects of modification was that it made economics more important in the political governing in Morocco. Thus far, this pattern and order in Morocco is secure, thanks m ostly to foreign tension and incentives putting a premium on stability and economic development. Most of the growth in Morocco can be attributed to outstanding agricultural production a much higher growth than industry and services 7. The biggest issue is theree is disparate growth level because agriculture only contributes partially to creating stable jobs because agriculture production is made to domestic consumption and teh recession in Eurpoe, moroccoan exports fell drastically in 2009. Another issues of the global economic crisis has been the reduction in the flux of migrants remittances and in the rents deriving from tourism. Regarding energy, Morocco is rich in agricultural resources and phosphates but is in constant need of energy. It is a net importer of enery and heavily depneds on it. This makes for a fragile state for Morocco’s economy and is expected to increase in the future because of growing urbanization. 9 Unemployment is a critical issues for Morocco and its road to development. The quality of employment is mostly poor, especially in the country12. Morocco faces a problem that many other countries face and that is the rate of unemployed graduate