Trade And Financial Openness And Economic Growth In Morocco: Theoritical Debate
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 4
Abstract
The development model adopted by Morocco since the 80s is characterized by the opening and conduct of structural reforms in favor of the conclusion of many free trade agreements, has had a significant impact both on depth strategic country and the economic attitude that prevailed until then. Following the development of globalized finance, there has been growing interest in understanding the effects of trade and financial openness on economic growth. During the 1980s, a large number of emerging and developing economies opened up their capital account, thus conforming to the "Washington Consensus" 2, which recommended a swift opening of the central bank account. capital associated with structural reforms and a strict fiscal policy to favor the external financing of productive capital, and thus the economic take-off. The paper deals with the impact of trade and financial openness on economic growth and trade and financial openness nexus . In recent decades, financial liberalization has been one of the most important strategies for Morocco to promote growth. However, debate emerges in a post-financial crisis context on whether liberalizing financial markets and allowing for free access to international capital markets, would benefit or impede economic development. In spite of, This article looks at the impact of financial and trade openness on economic growth. The analysis is based on the review of theoretical and empirical literature on financial and trade openness and its causal link with growth and the effects of financial openness on economic growth.
Authors and Affiliations
EL Kilali Abderrazak, Chegri Badreeddine, Mohamed Najib Eloualidi
Keywords
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- EP ID EP414889
- DOI 10.9790/5933-0904030109.
- Views 181
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