Book

Morocco 2040 : Emerging by Investing in Intangible Capital

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collection.link.130
https://openknowledge.worldbank.org/handle/10986/5995
collection.link.38
https://openknowledge.worldbank.org/handle/10986/2146
collection.name.130
French PDFs Available
collection.name.38
Directions in Development
dc.contributor.author
Chauffour, Jean-Pierre
dc.date.accessioned
2017-10-04T21:51:37Z
dc.date.available
2017-10-04T21:51:37Z
dc.date.issued
2018
dc.description.abstract
Morocco 2040: Emerging by Investing in Intangible Capital documents the major economic and social strides made by Morocco over the past 15 years and analyzes the economic conditions for accelerating the pace of economic catch-up by 2040. A virtuous yet realistic scenario suggests that with higher productivity gains Morocco could double its current pace of convergence with Southern European countries. In one generation, Morocco’s standard of living could reach about 45 percent of that of Spain, its immediate Northern neighbor, compared to the current rate of 22 percent. To lay out the possible pathways for Morocco to become the first North African country to attain upper middle income status, the Book then investigates the policies that could bring about such a virtuous scenario of accelerated economic convergence. It shows that sustaining higher productivity gains for 25 years would require greater efforts at building Morocco’s institutional, human and social capital—what is also known as intangible capital. Accumulating such intangible capital necessarily take a number of different forms and the Book proposes a four-pronged approach. First, by strengthening Morocco’s market institutions for a more efficient allocation of capital and labor and international integration. Second, by strengthening Morocco’s public institutions to strengthen the rule of law and justice, modernize the public administration, and improve the quality of public service delivery. Third, by strengthening Morocco’s human capital, especially education, health and the development of early childhood. And fourth, by strengthening Morocco’s social capital through greater gender parity and increased interpersonal trust and civism in society. By placing more of a priority on its intangible capital, Morocco would be advancing a social contract based on the promotion of a more open society. It would be taking a route that is partly new, but which is also the logical outcome of many economic and social diagnoses and pressing calls for change.
en
dc.identifier.isbn
978-1-4648-1066-4
dc.identifier.uri
http://hdl.handle.net/10986/28442
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
Directions in Development—Countries and Regions;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
MOROCCO
dc.subject
PRODUCTIVITY
dc.subject
HUMAN CAPITAL
dc.subject
WEALTH ACCUMULATION
dc.subject
COMPETITION
dc.subject
GROWTH
dc.subject
INSTITUTIONAL CAPITAL
dc.subject
GENDER
dc.subject
GOVERNANCE
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.subject
SOCIAL CAPITAL
dc.subject
TRUST
dc.subject
ECONOMIC INTEGRATION
dc.subject
LABOR SKILLS
dc.subject
LABOR MARKET
dc.title
Morocco 2040
en
dc.title.alternative
Le Maroc à l’horizon 2040
en
dc.title.subtitle
Emerging by Investing in Intangible Capital
en
dc.type
Book
en
okr.date.disclosure
2017-10-05
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1066-4
okr.identifier.internaldocumentum
211066
okr.identifier.report
120402
okr.imported
true
okr.language.supported
en
okr.pdfurl
sftp://107.21.26.223:22//sftp/production/okr_delivery/3311865/9781464810664.pdf
en
okr.region.administrative
Middle East and North Africa
okr.region.country
Morocco
okr.topic
Public Sector Development :: Public Sector Administrative and Civil Service Reform
okr.topic
Education :: Early Childhood Development
okr.topic
Gender :: Gender and Development
okr.topic
International Economics and Trade :: Globalization and Financial Integration
okr.topic
Poverty Reduction :: Inequality
okr.topic
Private Sector Development :: Competitiveness and Competition Policy
okr.topic
Social Development :: Social Capital
okr.topic
Social Protections and Labor :: Skills Development and Labor Force Training
okr.unit
GMF05

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