Abstract
Morocco has been struggling with economic policy since 1993, when a decade of structural adjustment efforts came to an end. Although adjustment was beneficial in terms of macroeconomic balance and structural reform, it had adverse consequences for infrastructure development and the social sector. Such struggles are nothing new. They are, in fact, ever-present dilemmas for policymakers who, after having transformed an economy, must determine whether to continue with adjustment or to accelerate growth, in order to ease adjustment’s impact. This chapter assesses the strategic dimensions of this conflict within the Moroccan framework. Two key issues are emphasized: prospects for domestic growth and development (in particular, the roles of the state and the private sector) and external issues (in particular, the relationship with the European Union).
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Al-Maghrib Bank, various years. Annual Report, Rabat.
BMCE (Banque Marocaine du Commerce Extérieur), 1995. Information Bulletin 218 (May), Casablanca.
Centre Marocain de Conjoncture, 1995. Bulletin, 13 (May).
Direction de la statistique, 1992, 1993 Annuaire Statistique du Maroc, Ministere Charge de la Population, Rabat, Royaume du Maroc.
European Union, 1995. “Letter of Information of the Delegation of the European Commission, in the Kingdom of Morocco,” 128, Rabat.
Fontagné, Lionel, and Nicolas Péridy, 1995. “Uruguay Round and PVD, The North African Case,” Revue économique, 46(3): 703–15.
Goldin, Ian, Odin Knudsen, and Dominique van der Mensbrugghe, 1993. Trade Liberalisation: Global Economic Implications, Paris: OECD and World Bank.
Hamdouch, Bachir, 1990a. “Investment Policies in Morocco,” in Said El-Naggar (ed.), Foreign and Intratrade Policies of the Arab Countries, Washington, D.C.: International Monetary Fund.
— 1990b. “Politiques de Développement et d’Ajustement au Maroc, à l’Epreuve de la Crise,” Rabat. Société Marocaine de Editeurs Réunis.
IMF (International Monetary Fund), 1994. “International Trade Policies: The Uruguay Round and Beyond,” Washington, D.C.
Karshenas, Massoud, 1994. “Structural Adjustment and Employment in the Middle East and North Africa,” Economic Research Forum Working Paper 9420, Cairo.
Ministry of Population, 1993. Social Indicators, Rabat: Statistics Department.
— Various years. The Active Population, Rabat.
Moroccan Economic Association, 1994. “Evaluation of a Decade of the Structural Adjustment Program,” Moroccan Economic Association Journal, special issue.
UNDP (United Nations Development Programme), 1995. Human Development Report, New York: Oxford University Press.
World Bank, 1993. The East Asian Miracle, A World Bank Policy Research Report, Washington, D.C.: World Bank.
— 1995. Claiming the Future: Choosing Prosperity in the Middle East and North Africa, Middle East and North Africa Region, Washington, D.C.: World Bank.
Editor information
Editors and Affiliations
Copyright information
© 1998 Economic Research Forum
About this chapter
Cite this chapter
Hamdouch, B. (1998). Adjustment, Strategic Planning, and the Morocco Economy. In: Shafik, N. (eds) Economic Challenges Facing Middle Eastern and North African Countries. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26124-6_2
Download citation
DOI: https://doi.org/10.1007/978-1-349-26124-6_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-71399-0
Online ISBN: 978-1-349-26124-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)