Catalogue


Fostering higher growth and employment in the Kingdom of Morocco [electronic resource].
imprint
Washington, D.C. : World Bank, c2006.
description
xiii, 107 p. : ill., col. map ; 26 cm. + 1 CD-ROM (4 3/4 in.)
ISBN
082136796X (pbk.), 9780821367964
format(s)
Book
More Details
added author
imprint
Washington, D.C. : World Bank, c2006.
isbn
082136796X (pbk.)
9780821367964
restrictions
Licensed for access by U. of T. users.
contents note
v. 1. Synthesis (book) -- v. 2. Background studies (on CD).
catalogue key
9392179
 
Includes bibliographical references (p. 97-107)
A Look Inside
Reviews
This item was reviewed in:
Reference & Research Book News, February 2007
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Summaries
Main Description
This book identifies the binding constraints to growth of Morocco. It applies an innovative procedure known as 'growth diagnostic' and has a central finding. The Moroccan economy suffers from a too slow process of structural transformation for achieving higher growth, especially for its exports that face unfavorable external shocks arising from competitor countries in the main markets for Moroccan exports. This process of so-called 'productive diversification' requires that Morocco enhance its competitiveness.Four government failures are identified as the binding constraints to growth in Morocco: a rigid labor market; a taxation regime that represents a heavy burden for firms and an obstacle to hiring skilled human capital; a fixed exchange rate regime that has allowed regaining price stability, but, given existing rigidites in the labor market, does not favor international competitiveness; and an anti-export bias, featuring a still high level of trade protectionism despite recent progress in tariff reductions and the signing of several Free Trade Agreements.In parallel, three market failures affect competitiveness and innovation: information failures, coordination failures between the public and private sector, and training failures that rank the country among those with the lowest level of training offered by businesses.
Main Description
Fostering Higher Growth and Employment in the Kingdom of Morocco is part of the World Bank Country Study series. These reports are published with the approval of the subject government to communicate the results of the Bank's work on the economic and related conditions of member countries to governments and to the development community.
Main Description
Includes a CD-ROM with title Vol 2: Background studies
Long Description
This book identifies the binding constraints to growth of Morocco. It applies an innovative procedure known as QUOTEgrowth diagnosticQUOTE and has a central finding. The Moroccan economy suffers from a too slow process of structural transformation for achieving higher growth, especially for its exports that face unfavorable external shocks arising from competitor countries in the main markets for Moroccan exports. This process of so-called QUOTEproductive diversificationQUOTE requires that Morocco enhance its competitiveness. Foour government failures are identified as the binding constraints to growth in Morocco: a rigid labor market; a taxation regime that represents a heavy burden for firms and an obstacle to hiring skilled human capital; a fixed exchange rate regime that has allowed regaining price stability, but, given existing rigidites in the labor market, does not favor international competitiveness; and an anti-export bias, featuring a still high level of trade protectionism despite recent progress in tariff reductions and the signing of several Free Trade Agreements. In parallel, three market failures affect competitiveness and innovation: information failures, coordination failures between the public and private sector, and training failures that rank the country among those with the lowest level of training offered by businesses.
Table of Contents
Acknowledgmentsp. vii
Acronyms and Abbreviationsp. ix
Executive Summaryp. xi
Synthesis
Motivationp. 1
Morocco's Low Growth Rates in Historical Perspectivep. 5
Stylized Facts About Morocco's Growthp. 11
The Binding Constraints to Growth in Moroccop. 15
First Step: The Close Relationship Between Export Diversification, Self Discovery, and Growthp. 27
Second Step (Part A): Identifying Government Failures That Limit Productive Diversification and Competitivenessp. 30
Second Step (Part B): Identifying Market Failures That Limit Productive Diversificationp. 39
How Governance Issues Might Indirectly Relate to Binding Constraintsp. 46
How Do Morocco's Obstacles to the Business Environment Affect Productive Diversification?p. 49
Reducing Anti-Export Bias to Foster Diversification and Export Growthp. 57
Labor Rigidities and Employment Creationp. 65
The Need for a New Growth Strategyp. 73
The Vision of a New Pact for Growth and Employment: Policy Proposals for Productive Diversificationp. 79
Referencesp. 97
Background Studies(on CD)
Stylized Facts And Growth Accounting Applied To Morocco
Searching For The Binding Constraints To Growth In Morocco
Improving The Investment Climate In Morocco
Improving Export Performance In Morocco
Addressing The Challenge Of Employment Creation In Morocco
Annexes
References
Table of Contents provided by Ingram. All Rights Reserved.

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