Transcript Morocco - Kinga Tyrala

Morocco
Kinga Tyrala
Juan De La Para
Allison Maurer
Background
 Largest Port of Africa in Tangier, Morocco
 Political Stability
 Free Trade Agreement (FTA)
 King Mohammed VI’s Vision
HOFSTEDE
United States
Morocco
91
70
40
Power Distance
68
62
46
Individualism
53
Masculinity
46
Uncertainty Avoidence
Business Culture
 Relationship & Communication
 Business Meeting Etiquette
 Business Negotiations
 Dress Etiquette
 Business Cards
Economy of Morocco
 Agriculture accounts for 15% of their GDP and employs
almost 45% of the labor force
 Large tourism industry
 Growing manufacturing sector
Economic Statistics
 Population: 32.5 million
 GDP (PPP): $171.2 billion
 Unemployment: 8.8%
 Inflation (CPI): 1.3%
 FDI Inflow: $2.8 billion
3.0% growth
Regulatory Efficiency
 Business Freedom
 Licensing requirements takes over 100 days and costs
twice the level of annual average income
 Labor Freedom
 Chronic unemployment
Open Markets
 Trade Freedom
 Investors often find the legal and regulatory system
difficult to navigate
 Financial Freedom
 Financial sector is well developed in comparison to
other economies in the region
Politics
 Parliamentary constitutional monarchy
 King is the chief executive
 Mohammed VI
 Prime Minister is the head of the government
 Abdelillah Benkirane
 On June 17, 2011 King Mohamed VI announced a series
of reforms that would transform Morocco into a
constitutional monarchy.
Three Branches of Power
 Executive
 Exercised by the government
 Legislative
 The power is invested in both the government and the two
chambers of parliament, Assembly of representatives and
Assembly of councilors.
 Judicial
 Highest court is the Supreme Court, whose judges are
appointed by the king.
Issues
 Human rights
 Freedom of Assembly, Association, and Expression
 Terrorism and Counterterrorism
 Police Conduct, Torture and the Criminal Justice System
Environmental Analysis
 Natural
 3rd World Country, rely heavily on agriculture and natural
resources to compete in the world economy
 Current Environmental Issues: land
 degradation/desertification (soil erosion resulting from
farming of marginal areas, overgrazing, destruction of
vegetation); water supplies contaminated by raw sewage;
siltation of reservoirs; oil pollution of coastal waters
 Growing Solar & Wind energy markets
Business Oppertunities
 U.S.-Moroccan Free Trade Agreement (FTA) (2006)
 Eliminates 95% of Tariffs
 Enhanced Protection
 Industry has record high growth of tourism, telecoms,
information technology, and textile.
 To 30 Countries in Offshoring Sector
 French speaking call-centers
What we learned!
 While slow, Morocco’s growth both nationally and
internationally is happening in the eyes of the world
market. They are becoming a major player in
globalization.
 Juan
 Investing
 That we need to take a vacation to beautiful Morocco!
Citations

http://geography.about.com/library/cia/blcmorocco.htm

http://geert-hofstede.com/morocco.html

https://www.cia.gov/library/publications/the-world-factbook/geos/mo.html

http://www.forbes.com/sites/kerryadolan/2013/11/21/why-morocco-matters-tothe-u-s/

http://www.kwintessential.co.uk/resources/global-etiquette/morocco-countryprofile.html

http://www.indexmundi.com/morocco/environment_current_issues.html
Citations

http://morocco.usembassy.gov/doing-business-local.html

http://www.doingbusiness.org/data/exploreeconomies/morocco/

http://www.invest.gov.ma/?Id=23