DAY 1 - The 18th Annual Conference of the Arab Society for Economic Research

Colombia is a country of incredible contrast: known to be one of the places on earth where people feel happiest, it is also one of the most unequal and for many decades, a country immersed in a protracted conflict. Despite the latter - and here is the starkest contrast - Colombia has recently succeeded in reducing poverty and building the foundations for sustainable growth and prosperity. The Santos administration has delivered on two of its main promises: sign a peace agreement wi ...

Dans le sillage des débats actuels sur la contribution de la femme à la création de richesses, le présent ouvrage s’essaye d’y contribuer moyennant des approches méthodologiques innovantes couvrant plusieurs champs d’analyse conciliant l’égalité de genre, les politiques publiques et la croissance économique au Maroc. Il offre, ainsi, un diagnostic exhaustif de l’évolution des inégalités de genre en termes, notamment, d'accès à l'emploi, à l'éducation, à la santé, à l'infrastructure, ...

During his run for President of the United States, Mr. Trump called the North American Free Trade Agreement (NAFTA), “the worst trade deal ever approved by this country”. His target is Mexico, which runs a $ 50 billion surplus of trade in goods and services with the United States. Trade with Canada, the third NAFTA party, is essentially balanced. However, NAFTA’s provisions cannot be changed without affecting Canada and without Canada’s consent, and the Foreign Ministers of Canada a ...

Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one group is comprised by global reserve issuers and the other by bystanders receiving impacts of the former’s policies carries substantively different implications. Furthermore, using Brazil and the U.S. as examples, we also illustrate how the re ...

Despite the sustained growth in the bilateral trade observed at the beginning of the Century, Moroccan – Brazilian economic relations are still going through what could be called the ‘shallow’ phase of relations between two middle-income countries. Trade is concentrated in a few products – those where both countries enjoy long lasting and natural comparative advantages – and face strong difficulties to diversify in terms of products and to upgrade towards more complex models of lin ...

The new Trump administration is openly protectionist. The President called for “America First” and for “Buy American, Hire American” in his inaugural speech and his subsequent actions dispelled any remaining doubt that he meant what he said during the election campaign. As promised, he has withdrawn from the Trans-Pacific Partnership, an agreement among twelve countries across three continents that took nearly 10 years to negotiate. He has threatened American companies that invest a ...

La réflexion développée dans cet ouvrage part d’un constat alarmant et pressant. Le processus continu et renforcé de l’accumulation du capital, dans lequel s’est engagé le Maroc depuis les années 2000, a permis certes de préserver la stabilité des équilibres fondamentaux et d’amortir les différents chocs exogènes, aussi bien internes qu’externes, mais il n’a pas permis d’insuffler un accroissement plus important des gains de productivité et d’accélérer la transformation de la base p ...

L’analyse des relations commerciales entre le Maroc et l’Afrique subsaharienne fait ressortir un volume des échanges croissants, reflétant ainsi une dynamisation continue des leurs relations commerciales. Une tendance similaire est observée au niveau des investissements directs étrangers, qui ne cessent de croître au cours des dernières années, traduisant la volonté du Maroc à devenir un acteur majeur dans le développement du continent africain. Ce Policy Brief présente dans un prem ...

An analysis of trade relations between Morocco and sub-Saharan Africa indicates a growing volume of trade, reflecting a continuation of stimulated trade relations. A similar trend is observed in foreign direct investment (FDI), which has continued to grow in recent years, reflecting Morocco's determination to become a major player in the development of the African continent. This Policy Brief first presents trends in inter-regional trade between Morocco and sub-Saharan Africa, focus ...

In previous pieces, we have analyzed the run up to the still-ongoing Brazilian recession as a combination of factors. Given an “anemia” of productivity increases, an appetite for public spending without prioritization led to a condition of fiscal “obesity”. The external factors that provided for a boom in the new millennium, notwithstanding underlying vulnerabilities, have dissipated. The economic policy adopted as a response to the growth decline aggravated those vulnerabilities. O ...