Morocco 2040 : Emerging by Investing in Intangible Capital

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 pr...

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Bibliographic Details
Main Author:	Chauffour, Jean-Pierre
Format:	Book
Language:	English en_US
Published:	Washington, DC: World Bank 2017
Subjects:	MOROCCO PRODUCTIVITY HUMAN CAPITAL WEALTH ACCUMULATION COMPETITION GROWTH INSTITUTIONAL CAPITAL GENDER GOVERNANCE PRIVATE SECTOR DEVELOPMENT SOCIAL CAPITAL TRUST ECONOMIC INTEGRATION LABOR SKILLS LABOR MARKET
Online Access:	http://hdl.handle.net/10986/28442

id	okr-10986-28442
recordtype	oai_dc
spelling	okr-10986-284422021-04-23T14:04:48Z Morocco 2040 : Emerging by Investing in Intangible Capital Chauffour, Jean-Pierre MOROCCO PRODUCTIVITY HUMAN CAPITAL WEALTH ACCUMULATION COMPETITION GROWTH INSTITUTIONAL CAPITAL GENDER GOVERNANCE PRIVATE SECTOR DEVELOPMENT SOCIAL CAPITAL TRUST ECONOMIC INTEGRATION LABOR SKILLS LABOR MARKET 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. 2017-10-04T21:51:37Z 2017-10-04T21:51:37Z 2018 Book 978-1-4648-1066-4 http://hdl.handle.net/10986/28442 English en_US Directions in Development—Countries and Regions; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Middle East and North Africa Morocco
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	MOROCCO PRODUCTIVITY HUMAN CAPITAL WEALTH ACCUMULATION COMPETITION GROWTH INSTITUTIONAL CAPITAL GENDER GOVERNANCE PRIVATE SECTOR DEVELOPMENT SOCIAL CAPITAL TRUST ECONOMIC INTEGRATION LABOR SKILLS LABOR MARKET
spellingShingle	MOROCCO PRODUCTIVITY HUMAN CAPITAL WEALTH ACCUMULATION COMPETITION GROWTH INSTITUTIONAL CAPITAL GENDER GOVERNANCE PRIVATE SECTOR DEVELOPMENT SOCIAL CAPITAL TRUST ECONOMIC INTEGRATION LABOR SKILLS LABOR MARKET Chauffour, Jean-Pierre Morocco 2040 : Emerging by Investing in Intangible Capital
geographic_facet	Middle East and North Africa Morocco
relation	Directions in Development—Countries and Regions;
description	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.
format	Book
author	Chauffour, Jean-Pierre
author_facet	Chauffour, Jean-Pierre
author_sort	Chauffour, Jean-Pierre
title	Morocco 2040 : Emerging by Investing in Intangible Capital
title_short	Morocco 2040 : Emerging by Investing in Intangible Capital
title_full	Morocco 2040 : Emerging by Investing in Intangible Capital
title_fullStr	Morocco 2040 : Emerging by Investing in Intangible Capital
title_full_unstemmed	Morocco 2040 : Emerging by Investing in Intangible Capital
title_sort	morocco 2040 : emerging by investing in intangible capital
publisher	Washington, DC: World Bank
publishDate	2017
url	http://hdl.handle.net/10986/28442
_version_	1764466918097420288

Morocco 2040 : Emerging by Investing in Intangible Capital

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