Adjustment, Strategic Planning, and the Morocco Economy

Bachir Hamdouch

Chapter 2 in Economic Challenges Facing Middle Eastern and North African Countries, 1998, pp 13-24 from Palgrave Macmillan

Abstract: 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).

Keywords: Gross Domestic Product; International Monetary Fund; Structural Adjustment; North American Free Trade Agreement; Social Sector (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26124-6_2

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DOI: 10.1007/978-1-349-26124-6_2

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