2024-07-23 02:23:05
This special is structured around several axes, notably on “Industrial Relocations: What effects do relocations have on the industrialization of developing countries?”, “Industrial Strategies: Towards industrial sovereignty”, “The Company Faced with Rising Costs: What implications?” and “The Phosphate Industry: Dynamism and Competitiveness”.
Thus, this new issue highlights that the new specializations of Morocco which have been developing since the mid-2000s, mainly in the automobile industry and on a smaller scale in aeronautics, have made significant progress, noting however that this development has not resulted in an increase in the share of added value or that of industrial employment, the causes of this underperformance being multiple.
In Morocco, the same source continues, and since the beginning of the sixties, the manufacturing sector has gone through periods marked by strategic choices concerning the orientations of industrial policy whose effects and results on the economic fabric have been “more or less successful”.
Furthermore, in recent decades the global economy has not experienced any major surges in inflation. First, the rise in the prices of raw materials and energy and the successive crises that the world has experienced in recent years, including the Covid 19 crisis and the conflict between Russia and Ukraine, have put an end to this situation and “a new era seems to have begun”.
This is characterized by an increase in the costs of inputs necessary for the operation of businesses and by a surge in consumer prices. To deal with this situation, businesses and public authorities alike have been led to introduce new procedures and practices to alleviate the negative effects induced by these consecutive crises and to meet the challenges that lie ahead.
Regarding the axis relating to industrial development, the publication indicates that the national economy has experienced “a new industrial boost” in recent years thanks to successive support programs for the sector. The emergence of new industrial sectors means that today the sector as a whole tends to represent an increasingly important share in the overall added value of the economy, in exports and in job creation.
For the coming years, the industrial strategy aims to strengthen the sector’s achievements and improve its capacities through the development of a diversified, efficient, competitive and quality production structure.
Accelerating the industrialization process with the aim of making it the main engine of growth, however, requires taking into consideration the global economic dynamic with its new requirements relating in particular to the imperative of sustainability, energy constraints, the specificities of the business climate and the quality of human capital, specifies the same source.
2024-07-23 02:23:05