Globalization in Morocco Essay Example | Topics and Well Written Essays - 1500 words

Globalization in Morocco - Essay ExampleThe population of Morocco is approximately 33,757,175 (World Fact Book) with a mixture of ethnic groups like Muslims, Christians, Arabs, Jewish and others. The official language spoken is Arabic and its dialects and the language utilise for business is French. Their legal system is based on Islamic law and French and Spanish well-behaved law systems.The economic policies of Morocco brought some stability to the country in the 1990s but could not tiro sufficient growth to put an end to the prevailing unemployment problems. The problem worsened when draught reduced the outturn in agriculture and as a result wheat had to be imported at cast aside rocketing world prices. Trying to build up small and medium enterprises and its continued dependence on impertinent energy slowed down the economy still further.Therefore Moroccan authorities realize that understanding the reasons for their pauperisation and providing jobs to beat the problem of un employment and improving agriculture are the key points necessary to improve domestic bail and further development. To improve the living conditions of its people the Moroccan Government is trying to implement a a few(prenominal) reforms in their effort of opening its economy to foreign investors.Their currency the dirham is wholly convertible just now for current account transactions. In 2005, the Moroccan Government launched the National Initiative for Human Development (INDH), a $2 billion social development plan that addressed the poverty and unemployment issues of the country and to improve the conditions of the urban slums in the country. (World Fact Book) In 2006, it also took part in the FTA (Free Trade Agreement) (World Fact Book) with the United States to collapse some of the long term issues associated with improvement in education and Job prospects for Moroccan youth. The FTA is also answerable for bridging the gap between the rich and the poor by encouraging touris m and boosting competition in the textile