What role for the country’s economic policies in the field of investment Morocco as a model?

Mustapha OUATMANE

Economics and Law - FSJES - University of Meknès Morocco

Abstract

Nobody denies the importance of investing in the socio-economic development of nations. Economic analysts and political decision-makers of all walks of life consider investment an engine and lever for development, given its contribution to creating wealth, creating jobs and improving the conditions of citizens. From this standpoint, Morocco has worked like the rest of the countries of the South since it gained political independence in the middle of the last century, to put in place the institutional and legislative framework that guarantees investment. In the same context, he adopted several plans and strategies (import substitution, Morocco, etc.). This stage was marked by the great interference of the state in the economic field through a set of mechanisms, including, for example, the development of the public sector and the enactment of investment laws. With the beginning of the eighties of the last century and the application of the structural evaluation program based mainly on the policy of confirmation and evaluation and the privatization of the public sector and openness to the outside, the policy was known What economic might call a redeployment. Thus, economic policy focused on encouraging the private initiative and qualifying the enterprise and enabling it to keep pace with the wave of globalization and "winning" integration into the global economy. On the external level, the state has concluded several partnership agreements and the creation of free trade areas in an international context characterized by the domination of giant companies and industrial countries under the auspices of international financial institutions. The latter imposes options that limit the state’s margin of intervention to enact and implement investment and development projects. The results obtained do not rise to the level required to solve the problem of underdevelopment and the resulting social and major social disparities. Strong on the inadequacy of the state's economic policies in this field and its inability to create the appropriate climate, which is still characterized by several obstacles, we mention in particular: The presence of an informal economic sector Weak governance, administrative corruption and limited judiciary. Corrosion of the middle class. High indebtedness The fragility of the social ladder The Democratic Series faltered. The limited economic policy in the field of investment is conclusive evidence that the success of any development plan requires, in addition to measures of an economic nature, the development of a comprehensive strategy aimed at developing administrative, technical and educational capabilities and building the state of right and law. In other words, there is a dialectical link between real development and investment. This intervention aims to answer the question addressed to the paper, and then an analytical method based on three points: The conceptual framework of the state's economic policies and investment. - Evaluating Morocco's experience while highlighting the limited investment policy in the era of globalization and giant companies. The role of non-economic factors in the field of investment.

Keywords

"A role for economic policy", " Investment", "Limited investment policy"