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Global value chains and economic development: what impact on the Moroccan economy?
Ismail Lotfi
Universite Sidi Mohamed Ben Abdellah Faculte des Sciences Juridiques Economique et Sociales Fes
Corresponding Author
ORCiD: https://orcid.org/0000-0003-1277-6271
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Globalization has changed the way goods and services are produced. The activities that form the value chains of many products and services are increasingly fragmented across the globe and between firms. But the question is how we get positive economic and social benefits by taking part in these global value chains. In the case of Morocco, it appears that the current form of its integration in Global Value Chains (GVCs) has only a limited effect on economic growth in the long-term. Indeed, despite the continued growth of Moroccan exports since 2011, the local added value in these exports has not increased so much. Consequently, the current stage of Morocco in GVCs does not allow improvement of per capita income and employment rates. In this respect, moving upmarket in GVCs and discovering of a new, more complex sector is no minor detail, but proves to be an absolute necessity for the territorial development of Morocco.
Keywords
Global Value Chains, Economic development, Exports, VECM
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Due to technical limitations, Tables 1-2 are provided in the Suppementary Files section.
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This is a preprint. It has not completed peer review.
Research
Global value chains and economic development: what impact on the Moroccan economy?
Ismail Lotfi
Universite Sidi Mohamed Ben Abdellah Faculte des Sciences Juridiques Economique et Sociales Fes
Corresponding Author
ORCiD: https://orcid.org/0000-0003-1277-6271
Badges
Prescreen
This manuscript passed our Prescreen assessment
Complete author information
Appropriate declaration statements
Potential risks to human health
Prescreen
History
CURRENT STATUS: Posted
Version 1
Posted 18 Jun, 2020
No community comments so far
Metrics
Comments: 0
PDF Downloads: ...
HTML Views: ...
Subject Areas
Development Economics
License:
This work is licensed under a CC BY 4.0 License. Read Full License
Globalization has changed the way goods and services are produced. The activities that form the value chains of many products and services are increasingly fragmented across the globe and between firms. But the question is how we get positive economic and social benefits by taking part in these global value chains. In the case of Morocco, it appears that the current form of its integration in Global Value Chains (GVCs) has only a limited effect on economic growth in the long-term. Indeed, despite the continued growth of Moroccan exports since 2011, the local added value in these exports has not increased so much. Consequently, the current stage of Morocco in GVCs does not allow improvement of per capita income and employment rates. In this respect, moving upmarket in GVCs and discovering of a new, more complex sector is no minor detail, but proves to be an absolute necessity for the territorial development of Morocco.
Figure 1
Figure 2
Figure 3
Figure 4
Due to technical limitations, Tables 1-2 are provided in the Suppementary Files section.