Moroccanization

Moroccanization (Arabic: مغربة,^[1] 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.^[2]^[3]^[4]

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."^[2] Overnight, the portion of industrial enterprises in Morocco that were owned by Moroccans increased from 18% to 55%.^[2]

In the following period, from 1973 to 1977, the Moroccan economy grew at a rate of 7.3% annually, financed mainly with foreign loans.^[2]

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.

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