September 22, 2020
This report from UK think tank the Legatum Institute provides an in-depth country case study into Morocco and its economic openness.
This Morocco case study is one of a number of in-depth reports which analyse an individual country’s performance on the key characteristics of openness to trade, investment, ideas, competition, and talent. The report highlights how Morocco has experienced significant change since 2011, when the King introduced a new constitution following the Arab Spring. On many metrics, Morocco has made good social and economic progress, with its income per capita increasing by 70% in real terms since the turn of the Millennium, and poverty rates falling by 40% over the last 10 years. However, Morocco faces big challenges. Like the rest of the world, the current coronavirus pandemic will mean less trade and larger government deficits for some time. This will add to the challenge of the nation’s economic growth, which has been on a downward trend for the last two years. Despite this, we see much cause for optimism. Morocco’s important trade arrangements, political stability and improving infrastructure provide a strong foundation for increased economic openness. The government continues to identify a range of economic and legal reforms that will lead to improvements, and we expect the Commission for the New Development Model to provide impetus for further development.Read Full Report
By Larry Attree; Teresa Dumasy; Julian EganRead more