Essay About Hard Currency Transfers And 90Sthe

Moroccan Economy
The 90sThe 90s decade was characterized by a wave of privatizationsAffected Sectors:Large State-owned FarmsTelecomsOil Refinery (Samir)Revenues from privatization between 1993 and 2005: MAD 75.5 billion, about ($ 9.5 billion).The 2000sMajor Exports:Agriculture, phosphates and tourism.Agriculture:Largely dependent on rainfall despite irrigation policyFarming on a small scaleLarge profitable farms are subsidized and state owned + wealthy owners.Fishing EU contractsTourismHotels, resorts, riads, beaches, desert.Target market: Europeans (drastic change of scenery, moderately priced, hospitable, somewhat low standards of service)SubsidiesBread, Milk, Oil, Butane, Sugar.Burden on treasuryRegulated EconomyGovernment has a stake and a say in most sectorsSources of Hard currency transfers:Remittances from Moroccans residing abroadExports: PhosphatesTourismDistribution of hard currency:Oil (Occasional Gulf countries)ButaneGrains (Chronic shortage: wheat – Rice to a lesser extent)Limitations of transfers of hard currency: Businesses imports are tracked but not limited in theorySchool TuitionLeisure/Business trips limitsHealthcare proceduresHighlights/PositivesInfrastructureRoads (Rest Stops)Tram (Casablanca + Rabat)  (Effectiveness, Better ways of public transportation, subsidized tickets)Internet (usage was 51% in 2011 – very high considering illiteracy 56.1%)        Source: ITUSupermarketsHigh Speed Rail Railway Infrastructure (current network needs expansion/overhauling)ConstructionSocial housing (Moderately-priced housing)