Ebook371 pages9 hours
Morocco 2040: Emerging by Investing in Intangible Capital
Rating: 5 out of 5 stars
5/5
()
About this ebook
Morocco 2040: Emerging by Investing in Intangible Capital documents the major economic and social strides made by Morocco over the past 15 years and analyzes the economic conditions for accelerating the pace of economic catch-up by 2040. A virtuous yet realistic scenario suggests that with higher productivity gains Morocco could double its current pace of convergence with Southern European countries. In one generation, Morocco’s standard of living could reach about 45 percent of that of Spain, its immediate Northern neighbor, compared to the current rate of 22 percent.
To lay out the possible pathways for Morocco to become the first North African country to attain upper middle income status, the Book then investigates the policies that could bring about such a virtuous scenario of accelerated economic convergence. It shows that sustaining higher productivity gains for 25 years would require greater efforts at building Morocco’s institutional, human and social capital—what is also known as intangible capital. Accumulating such intangible capital necessarily take a number of different forms and the Book proposes a four-pronged approach. First, by strengthening Morocco’s market institutions for a more efficient allocation of capital and labor and international integration. Second, by strengthening Morocco’s public institutions to strengthen the rule of law and justice, modernize the public administration, and improve the quality of public service delivery. Third, by strengthening Morocco’s human capital, especially education, health and the development of early childhood. And fourth, by strengthening Morocco’s social capital through greater gender parity and increased interpersonal trust and civism in society.
By placing more of a priority on its intangible capital, Morocco would be advancing a social contract based on the promotion of a more open society. It would be taking a route that is partly new, but which is also the logical outcome of many economic and social diagnoses and pressing calls for change.
To lay out the possible pathways for Morocco to become the first North African country to attain upper middle income status, the Book then investigates the policies that could bring about such a virtuous scenario of accelerated economic convergence. It shows that sustaining higher productivity gains for 25 years would require greater efforts at building Morocco’s institutional, human and social capital—what is also known as intangible capital. Accumulating such intangible capital necessarily take a number of different forms and the Book proposes a four-pronged approach. First, by strengthening Morocco’s market institutions for a more efficient allocation of capital and labor and international integration. Second, by strengthening Morocco’s public institutions to strengthen the rule of law and justice, modernize the public administration, and improve the quality of public service delivery. Third, by strengthening Morocco’s human capital, especially education, health and the development of early childhood. And fourth, by strengthening Morocco’s social capital through greater gender parity and increased interpersonal trust and civism in society.
By placing more of a priority on its intangible capital, Morocco would be advancing a social contract based on the promotion of a more open society. It would be taking a route that is partly new, but which is also the logical outcome of many economic and social diagnoses and pressing calls for change.
Author
Jean-Pierre Chauffour
Jean-Pierre Chauffour has had extensive experience with international institutions in Brussels, Geneva, and Washington. He worked for 15 years at the International Monetary Fund, where he held various positions, including representative to the World Trade Organization. He is currently economic adviser in the World Bank’s International Trade Department.
Read more from Jean Pierre Chauffour
The Power of Freedom: Uniting Human Rights and Development Rating: 0 out of 5 stars0 ratingsPreferential Trade Agreement Policies for Development: A Handbook Rating: 0 out of 5 stars0 ratings
Related to Morocco 2040
Related ebooks
Light Manufacturing in Vietnam: Creating Jobs and Prosperity in a Middle-Income Economy Rating: 0 out of 5 stars0 ratingsWorld Development Report 2022: Finance for an Equitable Recovery Rating: 0 out of 5 stars0 ratingsShaping Globalization: New Trends in Foreign Direct Investment Rating: 0 out of 5 stars0 ratingsBeyond Crisis: The Financial Performance of India's Power Sector Rating: 0 out of 5 stars0 ratingsIntroduction to Trade and Globalisation Rating: 0 out of 5 stars0 ratingsMacro Economics: A Simplified Detailed Edition for Students Understanding Fundamentals of Macroeconomics Rating: 0 out of 5 stars0 ratingsSustainable Vocational Training Toward Industrial Upgrading and Economic Transformation: A Knowledge Sharing Experience Rating: 0 out of 5 stars0 ratingsEmissions Trading Schemes and Their Linking: Challenges and Opportunities in Asia and the Pacific Rating: 0 out of 5 stars0 ratingsAn Exploration into China's Economic Development and Electricity Demand by the Year 2050 Rating: 0 out of 5 stars0 ratingsChina's Oil Industry and Market Rating: 0 out of 5 stars0 ratingsThe Exchange Rate in a Behavioral Finance Framework Rating: 0 out of 5 stars0 ratingsThe Globalization of Chinese Companies: Strategies for Conquering International Markets Rating: 0 out of 5 stars0 ratingsGuidelines for the Economic Analysis of Projects Rating: 0 out of 5 stars0 ratingsInternational Trade and FDI: An Advanced Introduction to Regulation and Facilitation Rating: 0 out of 5 stars0 ratingsEconomic Growth, Inflation and Unemployment Rating: 0 out of 5 stars0 ratingsEconomic Indicators for Eastern Asia: Input–Output Tables Rating: 0 out of 5 stars0 ratingsEuropean Investment Bank Annual Report 2019 on the European Investment Advisory Hub Rating: 0 out of 5 stars0 ratingsTechnology, Innovation and Entrepreneurship, Part I: My World, My Nation Rating: 0 out of 5 stars0 ratingsProject Management: MBA Essentials Rating: 0 out of 5 stars0 ratingsBelt and Road Initiative: Alternative Development Path for Africa Rating: 5 out of 5 stars5/5VISION: Our Strategic Infrastructure Roadmap Forward Rating: 0 out of 5 stars0 ratingsMethodology for Impact Assessment of Free Trade Agreements Rating: 0 out of 5 stars0 ratingsMarket Insanity: A Brief Guide to Diagnosing the Madness in the Stock Market Rating: 0 out of 5 stars0 ratingsCapital Flows and the Emerging Economies: Theory, Evidence, and Controversies Rating: 0 out of 5 stars0 ratingsEuropean Investment Bank Group Sustainability Report 2021 Rating: 0 out of 5 stars0 ratingsFinding Value in the Market - The Fundamentals of Fundamental Analysis Rating: 0 out of 5 stars0 ratingsThe Principles of Economics, with Applications to Practical Problems Rating: 0 out of 5 stars0 ratingsRenewable energy finance: Institutional capital Rating: 5 out of 5 stars5/5
Business Development For You
Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Built to Last: Successful Habits of Visionary Companies Rating: 4 out of 5 stars4/5Vivid Vision: A Remarkable Tool for Aligning Your Business Around a Shared Vision of The Rating: 4 out of 5 stars4/5Summary of Graham Cochrane's How to Get Paid for What You Know Rating: 0 out of 5 stars0 ratingsUltralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5How to Start a Business for Beginners: A Complete Guide to Building a Successful & Profitable Business Rating: 5 out of 5 stars5/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5The Bezos Letters: 14 Principles to Grow Your Business Like Amazon Rating: 5 out of 5 stars5/5The 30 Laws of Flow: Timeless Principles for Entrepreneurial Success Rating: 5 out of 5 stars5/5Nolo’s Guide to Single-Member LLCs: How to Form & Run Your Single-Member Limited Liability Company Rating: 0 out of 5 stars0 ratingsThe E-Myth Contractor: Why Most Contractors' Businesses Don't Work and What to Do About It Rating: 4 out of 5 stars4/5Rocket Fuel Rating: 0 out of 5 stars0 ratingsThe Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream Rating: 5 out of 5 stars5/5Business Plan Checklist: Plan your way to business success Rating: 5 out of 5 stars5/5The $100 Startup by Chris Guillebeau: Summary and Analysis Rating: 4 out of 5 stars4/5The Small Business Start-Up Guide: A Surefire Blueprint to Successfully Launch Your Own Business Rating: 5 out of 5 stars5/5Robert's Rules of Order: A comprehensive guide to Robert’s Rules of Order Rating: 5 out of 5 stars5/5This Shit Works: A No-Nonsense Guide to Networking Your Way to More Friends, More Adventures, and More Success Rating: 0 out of 5 stars0 ratingsFear Less: Face Not-Good-Enough to Replace Your Doubts, Achieve Your Goals, and Unlock Your Success Rating: 5 out of 5 stars5/5The Second in Command: Unleash the Power of Your COO Rating: 0 out of 5 stars0 ratingsGood To Great And The Social Sectors: A Monograph to Accompany Good to Great Rating: 4 out of 5 stars4/5The Crash Course: The Unsustainable Future of Our Economy, Energy, and Environment Rating: 5 out of 5 stars5/5Don't Trust Your Gut: Using Data to Get What You Really Want in LIfe Rating: 3 out of 5 stars3/5
Reviews for Morocco 2040
Rating: 5 out of 5 stars
5/5
2 ratings0 reviews