Essay on economic aspiration

Finally, modernization of the economy was an important thing to do by Morocco to have a better preparation to a better development. Morocco invested $ billion planning a 5 years project. The growth rate was supposed to reach % due to this amount invested; however, in 1964, the rate was only 3% and not sufficient for a good economic development. The second plan included the development of two important sectors that are agricultural and modernization sector. At the end of 1972, both agriculture and irrigation had to increase. The 1978–80 plans was one of stabilization and retrenchment, designed to improve Morocco's balance-off payments position, but the 4% annual growth rate achieved was disappointing.

Essay on economic aspiration

essay on economic aspiration

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