Moroccanization

Moroccanization (Arabic: مغربة, French: marocanisation) was a Moroccan domestic economic policy enacted by King Hassan II on March 3, 1973, in which major segments of the private sector were transferred to Moroccan ownership.

The policy had the effect of "transferring to political loyalists and high-ranking military officers state-held assets, agricultural lands, and enterprises that were more than 50 percent foreign owned." Overnight, the portion of industrial enterprises in Morocco that were owned by Moroccans increased from 18% to 55%.

In the following period, from 1973 to 1977, the Moroccan economy grew at a rate of 7.3% annually, financed mainly with foreign loans.

References

^ "دعوة الحق - جلالة الحسن الثاني مفخرة حماس الشباب". www.habous.gov.ma. Retrieved 2022-03-10.
^ ^a ^b ^c ^d Miller, Susan Gilson (2013). A history of modern Morocco. New York: Cambridge University Press. ISBN 978-1-139-62469-5. OCLC 855022840.
^ Bogaert, Koenraad. Imagining the state through social protest : state reformation and the mobilizations of unemployed graduates in Morocco. OCLC 949201978.
^ Cherkaoui, Mouna; Ben Ali, Driss (February 2007). "The political economy of growth in Morocco". The Quarterly Review of Economics and Finance. 46 (5): 741–761. doi:10.1016/j.qref.2006.08.003. S2CID 154722827.

[1] "دعوة الحق - جلالة الحسن الثاني مفخرة حماس الشباب". www.habous.gov.ma. Retrieved 2022-03-10.

[:0-2] Miller, Susan Gilson (2013). A history of modern Morocco. New York: Cambridge University Press. ISBN 978-1-139-62469-5. OCLC 855022840.

[3] Bogaert, Koenraad. Imagining the state through social protest : state reformation and the mobilizations of unemployed graduates in Morocco. OCLC 949201978.

[4] Cherkaoui, Mouna; Ben Ali, Driss (February 2007). "The political economy of growth in Morocco". The Quarterly Review of Economics and Finance. 46 (5): 741–761. doi:10.1016/j.qref.2006.08.003. S2CID 154722827.