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Adjustment, Strategic Planning, and the Morocco Economy

In: Economic Challenges Facing Middle Eastern and North African Countries

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  • Bachir Hamdouch

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).

Suggested Citation

  • Bachir Hamdouch, 1998. "Adjustment, Strategic Planning, and the Morocco Economy," Palgrave Macmillan Books, in: Nemat Shafik (ed.), Economic Challenges Facing Middle Eastern and North African Countries, chapter 2, pages 13-24, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-26124-6_2
    DOI: 10.1007/978-1-349-26124-6_2
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