Unemployment in Morocco
From International Business Wiki
During the last thirty years has enjoyed a gradual climb which has seen the income tripled for the average citizen from $550 to $2,100. The average life expectancy has risen from 55 years of age to 71 years of age, which is credited largely to the number of children dying before the age of one dropping by about 6 percent. In addition, since the 70’s ’s primary school net enrollments have seen an increase from less then half the qualified students to 87 percent.still has a lot of work to do in there unemployment rate as it has recently been estimated at 11 percent. Globally, low growth translates into poor job creation, particularly in the urban areas where the unemployment rate remains stubbornly high, yet enjoying a drop from 22 percent in 1999 to 15.5 percent in 2006. This number is expected to continue to decrease as the agricultural output has soared, although it relies almost completely on weather conditions. It is predicted that unemployment rates will fall even more with the help of interested investors and large companies looking to outsource many jobs. Similar to what has happen inand, thuswould be the new country and prices would be cheaper then the other two. An employee for The High Commissioner for Planning said, “It is a race for many companies to set up shop in as it has all the makings for cheap labor, possibly could be the next major outsource country.” This would be an incredible impact on’s unemployment rate, a rate that seems to already be heading in the right direction. The result will be real per-capita income rising which will in turn drop unemployment. will need to continue to improve upon its strong performance to bring per capita income closer to that of emerging-market countries of the Organization for Economic Cooperation and Development (OECD) and further reduce unemployment. Employment, however, remains overly dependent on the agriculture sector, which is extremely vulnerable to inconsistent rainfall. 's primary economic challenge is to accelerate growth in order to reduce high levels of unemployment. This is said to be done with the help of outside countries opening factories. Although unemployment is at 11 percent, it is said that in urban areas for youths is as high as 33 percent. This will be the target market for companies interested in doing business in . The current government is continuing a series of structural reforms begun in recent years. The most promising reforms have been in the labor market and financial sectors, and privatization has accelerated the sale of Global System for Mobile Communications (GSM) licenses in recent years. also has liberalized rules for oil and gas exploration and has granted concessions for many public services in major cities. The tender process in is becoming increasingly transparent. Many believe, however, that the process of economic reform must be accelerated in order to reduce urban unemployment. Advantages and disadvantages stem from unemployment; in this case it is used as a disadvantage. As gradually moves closer to lowering there unemployment rate, they will see a large improvement in there economy.
