Deep Dive
The Handbook's Vision
Dr. Karim El Aynaoui and Dr. Arkebe Oqubay introduce the Oxford Handbook of the Moroccan Economy, aiming to fill the gap in English resources on Morocco's economy. They emphasize the handbook's role in providing a comprehensive analysis of Morocco's economic trajectory over the past 25 years, focusing on structural changes and ongoing challenges.
Comprehensive Economic Analysis
Dr. Arkebe highlights the handbook's comprehensive nature, covering all economic sectors and providing historical context back to the 1960s. This makes it a valuable tool for understanding Morocco's economy and encourages further research. The handbook's empirical evidence is crucial for policy-making and education.
Morocco's Economic Integration
Dr. El Aynaoui discusses Morocco's deeper integration into the global economy, particularly in aviation and automotive sectors. He credits free trade agreements and macroeconomic management for attracting foreign direct investment, which has averaged 2% of GDP over 25 years.
Industrial Strategy and Adaptability
The handbook explores Morocco's industrial strategy, highlighting adaptability and infrastructure development as key factors. Dr. El Aynaoui notes the importance of regulatory environment, logistics, and skilled labor in attracting foreign investments, particularly in the automotive industry.
Future Challenges and Lessons
Dr. Arkebe stresses the importance of learning from Morocco's experience in policy consistency and long-term planning. He highlights the need for innovation, quality education, and a dynamic SME sector to tackle future challenges, including demographic changes and climate impacts.