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Morocco still lacks economic freedom despite reforms

IMF managing director, Christine Lagarde, with the chairman of the Moroccan Economic, Social and Environmental Council, Nizar Baraka (photo: dpa)

General info

Location

Morocco

Date

25 July 2014

Contains

Report Scenarios

Tags

King Mohammed VI

Author

Dr. Emmanuel Martin

Emmanuel Martin is the general manager of the French MOOC project “École de la liberté.” He holds a PhD in economics from the University of Aix-en-Provence in France.Dr. Martin has served as the director of the Institute for Economic Studies-Europe, ...

King Mohammed VI of Morocco introduced constitutional reform three years ago. His country still lacks economic freedom, and any major long-term impact on business and society will be hard to achieve because of the subtle balance of power between monarchy and Islamism in a new democratic context. However, slow processes are probably better than radical ones at securing the stability necessary for a smooth, peaceful evolution.

THE ARAB Spring in Morocco has turned into some sort of ‘velvet evolution’, with a peaceful transition towards democracy.

The constitutional refor...

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Giving away some power to Islamists of the Justice and Development Party (PJD), who were elected in November 2011, was the king’s best strategy to release social pressure, especially in the context of the Arab Spring