RELATED CONTENT : Sectorial policies and structural transformation

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    Call for Papers : L'impact du COVID-19 sur le marché du travail : Une perspective marocaine

    L’apparition de de la COVID-19 a engendré une crise sanitaire mondiale, qui s’est rapidement transformé à d’autres crises bouleversant le vécu des humains de par la planète. En ce qui concerne les marchés mondiaux, notamment du travail, les incertitudes ont fortement impacté les comportements des agents. Aussi, les mises sous restrictions, totales ou partielles, des facteurs de production ont eu leur incidence sur l’activité globale -via différents canaux -, y compris celle des acteurs du marché du travail. À court terme, la pandémie est synonyme de fortes perturbations pour les citoyens et les marchés du travail. Celles-là concernent les revenues et les dépenses des particuliers comme elles portent sur l’activité des entreprises et donc les dynamiques de création d’emploi et ...
  • Rapport annuel sur l’économie de l’Afrique 2024
    Authors
    Sous la direction de
    Larabi Jaïdi
    July 12, 2024
    The report will soon be available for purchase.   The 2024 Annual Report on the African Economy is dedicated to monetary and financial issues on the Continent. There are three reasons for this choice. African economies are exposed to macro-financial instabilities partly generated by global monetary and financial turbulence. The Continent’s currencies and financial systems are engaged in very different dynamics, where routine methods and daring, if not risky, practices coexist. ...
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    Les « MNBC » : une révolution monétaire en marche
    Authors
    Henri-Louis Vedie
    May 15, 2024
    En 2023, et selon le think tank américain « Atlantic Council », 114 pays ont engagé une réflexion sur La Monnaie numérique de banque centrale (MNBC). Cette réflexion concerne la MNBC de gros, visant à repenser l’interbancarité et la MNBC de détail, celle que la Chine développe avec un succès certain depuis 2014 avec son e yuan, réservé aujourd’hui au seul marché intérieur chinois, en attendant mieux. L’objet de ce Policy Brief est, tout d’abord, de rappeler que les MNB ...
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    AI and the Future of Government: Unexpected Effects and Critical Challenges
    Authors
    Tiago C. Peixoto
    Otaviano Canuto
    Luke Jordan
    March 20, 2024
    Based on observable facts, this policy paper explores some of the less- acknowledged yet critically important ways in which artificial intelligence (AI) may affect the public sector and its role. Our focus is on those areas where AI's influence might be understated currently, but where it has substantial implications for future government policies and actions. We identify four main areas of impact that could redefine the public sector role, require new answers from it, or both. The ...
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    Les fonds souverains africains : une deuxième vague (2016-2023) sous le signe de la redéfinition stratégique
    Authors
    Henri-Louis Vedie
    February 8, 2024
    Depuis 2016, on assiste à une dynamique de création de fonds souverains africains. En 2023, on recense 21 pays et 24 fonds souverains. Sur la seule période 2016-23, celle de la deuxième vague, huit pays vont se doter d’un premier fonds souverain, et d’un deuxième, dans le cas du Maroc, en 2022. Cette étude rappelle tout d’abord l’historique d’une création qui commence, dès 1994, au Botswana, avec le Pula Fund, précisant pour chacun des 24 fonds leur date de création, leur ...
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    The Automotive Sector in Morocco: An Input-Output Structural Decomposition Analysis
    Authors
    Ilham Najib
    Eduardo Amaral Haddad
    January 29, 2024
    Morocco is positioned as a new global hub of the automotive industry in an increasingly volatile international context, with various emerging countries competing intensively to gain the best returns on openness and globalization. The Moroccan automotive industry’s recent performance shows it to be the most dynamic sector in the economy: from 2014 to 2019, value-added in the automotive sector increased by almost 70% while the overall national value-added increased by only 15%. In the ...
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    Tax Reform in Brazil
    Authors
    Eduardo Amaral Haddad
    João Gabriel Sacco
    January 23, 2024
    - Brazil’s latest tax reform will replace five taxes on consumption with one single VAT to promote greater efficiency and sectoral isonomy. - Forecasts produced by a detailed ICGE model point to sizeable gains in GDP exceeding 4% in the long run, even if spatially unequal. - Exceptions to the rules reduce potential benefits in efficiency terms. - Policies meant to promote regional development and close the gap deepened by the reform partially achieve their goal at the expense of ...
  • Industrialisation in Africa: How Can the G20 Assist?
    Authors
    Hinh T. Dinh
    January 2, 2024
    This paper was originally published on The South African Institute of International Affairs (SAIIA) In order for Africa to raise living standards, create employment for youth and diversify exports, it must industrialise. Until recently, sub-Saharan African (SSA) countries made limited progress in manufacturing value addition and employment, mirroring the de-industrialisation trend seen in many developing countries. To propel industrialisation, SSA countries should adopt flexible st ...
  • Urban agglomeration, city size, and spatial density effects on wage flexibility: New evidence on the wage curve in Brazil
    Authors
    Ana Maria Bonomi Barufi
    Eduardo Amaral Haddad
    Peter Nijkamp
    December 29, 2023
    This Paper was originally published on onlinelibrary.wiley.com   This study aims to shed new empirical light on the importance of the wage curve in a developing economy. The main contribution to the empirical literature is related to the analysis being conducted at different regional levels of a developing economy. This indicates that municipal-level data seems to be more adequate for wage curve evaluation, and that spatial dependency should be considered to adequately control for ...
  • Africafé: Innovations and Industrial Policies in Africa
    December 28, 2023
    In this episode, we interviewed Mr. Arkebe Oqubay Metiku, British Academy Global Professor, SOAS University of London around Africa's industrial policies and their impact on growth. We discussed key elements such as innovation, regional collaboration, sustainability, and intellectual pr...
  • Geographical proximity and technological similarity
    Authors
    Eduardo Amaral Haddad
    Inácio F. Araújo
    Fernando S. Perobelli
    December 11, 2023
    This Paper was originally published on sciencedirect.com   From a time-space perspective, we assess the effects of geographical proximity on technological convergence over time identifying proximity dimensions associated with countries’ technological similarities. We compare a time series of input-output coefficients for 66 different countries extracted from the 2021 edition of OECD Inter-Country Input-Output to verify whether nearby countries are more likely to share similar tech ...
  • Africafé: Catalyzing Climate Finance in Africa
    November 30, 2023
    In this episode, we dive into the pressing necessity for climate initiatives in Africa. Despite its minimal global emissions, Africa grapples with severe climate challenges and a substantial funding shortfall. Yet, as obstacles persist, including the disconnect between investor expectat...
  • The Future of Central Banks in Emerging Markets and Developing Countries
    November 22, 2023
    As part of the webinar series: “The Global Economy in Transition : Implications for Developing Countries”, the Policy Center for the New South is organizing a webinar titled: " The Future of Central Banks in Emerging Markets and Developing Countries” to contribute to the debate around t...
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    Resilience and Realignment of Global Trade
    Authors
    Otaviano Canuto
    November 21, 2023
    Multiple shocks faced by the global economy over the past three years have apparently shaken the conventional wisdom on gains from economic integration, and have sparked widespread calls for protectionist and nationalist policies. Is there already evidence of some ‘deglobalization’, or do the factors that underlie globalization remain strong enough despite the shocks? So far, there are no signs of an overall reversal in the long-term trend of greater global trade integration. Howev ...
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    A Tale of Two Technology Wars: Semiconductors and Clean Energy
    Authors
    Otaviano Canuto
    November 2, 2023
    The global economic environment has changed as the U.S.—and to a less confrontational degree, the European Union—have clearly established a context of technological rivalry with China. Hindering China’s progress in the sophistication of semiconductor production has become a centerpiece of current U.S. foreign policy. While the U.S. is clearly winning the semiconductor war, the picture is different when it comes to clean-energy technology. Both technology wars overlap with access to ...
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    Production Networks, Sectoral Shocks and Aggregate Volatility in a Developing Economy: Insights From Morocco
    Authors
    Ali Elguellab
    Elhadj Ezzahid
    November 1, 2023
    The role of the production network in shock propagation has been an issue of considerable interest since the Great Recession. However, the empirical literature has only focused on advanced and emerging countries. This paper aims to contribute to filling this gap by examining the case of Morocco, a developing country belonging to the lower-middle-income group. The question is whether its production network is a factor in amplifying idiosyncratic industry-level shocks or, conversely, ...
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    Fighting inequalities: A Major Challenge and an Essential Prerequisite for Inclusive and Sustainable Growth in Africa
    Authors
    Hamza Saoudi
    Jean Louis-Sarbib
    October 18, 2023
    Addressing inequalities in all their forms has emerged as one of the major global challenges faced by numerous countries across the globe, particularly in Africa. In a context where Africa faces many pressing challenges that are the subject of much analysis (Sarbib et al. 2022), there is a clear gap in conducting comprehensive reviews focused on inequalities, partly due to the lack of available data. Inequalities, which are both consequences and partial causes of poor development o ...
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    The Dollar-Renminbi Tango: The Impacts of Argentina’s Potential Dollarization on its Relations with China
    Authors
    Xiaofeng Wang
    Otaviano Canuto
    October 13, 2023
    The surprising victory of Javier Milei, the unconventional ‘anarcho-capitalist’ candidate, in the August primaries ahead of Argentina’s October 2023 general election, can be largely credited to his commitment to dollarize the Argentine economy, a move perceived as the ultimate solution to bring an end to the nation's economic turmoil. The potential shift from the local currency to the dollar has sparked concerns about Argentina's bilateral currency swap line with China. This swap l ...
  • AES 2023 - Opening Remarks / Session 1: Challenges of Monetary Policy
    September 22, 2023
     Opening Remarks Karim El Aynaoui, Executive President, Policy Center for the New South Session 1: Challenges of Monetary Policy: Navigating Inflation Dynamics in the Face of Supply Shocks The confluence of COVID-19 pandemic and the ongoing Russia-Ukraine conflict has resulted in a su...
  • Rapport annuel sur l’économie de l’Afrique 2023
    Authors
    Sous la direction de
    Larabi Jaïdi
    Nezha Alaoui M’hammdi
    Fahd Azaroual
    Omar Awadallah
    Muhammad Ba
    Farah Bashir
    Oumayma Bourhriba
    Otaviano Canuto
    Karim El Aynaoui
    Said El Hachimi
    Mostafa El Sayed Abo El Soud
    Saloi El Yamani
    Tayeb Ghazi
    Pierre Jacquemot
    Larabi Jaïdi
    Abdessalam Saad Jaldi
    Divine Ngenyeh Kangami
    Hafsa Maalim
    Badr Mandri
    Iván Martín
    Fatima Ezzahra Mengoub
    Samuel Muriithi
    Solomon Muqayi
    Brian Kelly Nyaga
    Ahmed Ouhnini
    Hamza Saoudi
    Isabelle Tsakok
    September 21, 2023
    Cette édition du Rapport économique de l’Afrique est construite autour d’une thématique d’une grande actualité : les conséquences des incertitudes et des risques aussi bien sanitaires que climatiques et sécuritaires sur les économies du continent. L’exercice est d’autant plus légitime que la recomposition de l’ordre mondial questionne la place du continent à l’échelle planétaire, sur les plans économique, social et environnemental. L’économie mondiale est confrontée à des défis glo ...
  • Global Economy Now and the Challenges Ahead
    by Oumayma Bourhriba and Otaviano Canuto
    September 15, 2023
    The global economy is on the path to recovery following the dual challenges of the COVID-19 pandemic and Russia's invasion of Ukraine. While there are promising signs of short-term progre ...
  • The Colombian Economy and Its Regional Structural Challenges
    Authors
    Eduardo Amaral Haddad
    Jaime Bonet
    Geoffrey J. D. Hewings
    August 30, 2023
    This Book was originally published on springer.com   This book examines regional structural challenges on Colombia’s path to sustainable social cohesion and regionally inclusive growth. These challenges can be divided into three main groups: (i) those that focus on competitiveness and the supply side, (ii) those that arise from critical business cycle issues on the demand side, and (iii) those concerning environmental sustainability, employment and social inclusion.  The contribu ...
  • Fostering Equitable Development through Inclusive Growth
    August 29, 2023
    In this conversation, Ms. Lina Khatib, the Director of SOAS University's Middle East Institute, delves deep into pressing regional issues. She highlights what policymakers can do to ensure the equitable distribution of economic development benefits and prevent any regression. Khatib als...
  • L'informel au Maroc
    August 28, 2023
    Le secteur informel joue un rôle crucial dans le développement économique et social du Maroc en tant que filet de sécurité pour de nombreux travailleurs. Cependant, sa concentration dans de petites entreprises qui manquent de moyens de production sophistiqués peut entraver la croissance...
  • Le mécanisme africain de stabilité financière : un outil pour renforcer la résilience économique de l’Afrique
    Authors
    Fahd Azaroual
    August 17, 2023
    Défis et opportunités économiques en Afrique : Renforcer la stabilité financière pour un développement durable L’Afrique est un continent qui connaît de nombreux défis économiques et sociaux, mais aussi de grandes opportunités de développement. Pour réaliser son potentiel, le continent a besoin de renforcer sa stabilité financière, c’est-à-dire sa capacité à faire face aux chocs internes et externes qui peuvent affecter sa croissance et son développement. (Figure 1) La stabilité f ...
  • Racing to control an alarming technology
    Authors
    Helmut Sorge
    July 27, 2023
    Tea for two was planned in a friend’s house in California’s Beverly Hills, but, surprise, we were joined by one of the great futurist of America, a science fiction master, who turned “Fahrenheit 451” into a bestseller and himself into an admired visionary - Ray Bradbury. Bradbury who? Time is erasing memories, even of great minds - we met in the 80s at Harold Nebenzal, the producer (Cabaret) and author (Café Berlin) whose father produced German  film classics as “M” (1931) and “Das ...
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    Artificial Intelligence Revolution in Africa: Economic Opportunities and Legal Challenges
    Authors
    Abdessalam Saad Jaldi
    July 20, 2023
    Artificial intelligence (AI) is playing an increasingly important role in our daily lives. Having experienced considerable growth in recent years, artificial intelligence corresponds to technologies capable of processing hybrid sources, particularly unstructured data. Complex tasks are thus delegated to increasingly autonomous technological processes, capable of driving economic and social development. In current African society, AI is becoming more popular and seeking to cover all ...
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    L’informel au Maroc : repenser la structure globale des incitations pour une économie plus inclusive et dynamique
    Authors
    Hamza Saoudi
    Ahmed Ouhnini
    July 18, 2023
    Le secteur informel est une composante essentielle de l'économie marocaine, employant une large partie de la population, mais nuisant à la productivité, aux recettes fiscales de l’État et à la croissance économique à long terme. Sur la base de la définition adoptée dans cette étude et qui définit les travailleurs informels comme étant ceux qui ne sont pas couverts par les régimes contributifs de sécurité sociale de la Caisse nationale de sécurité sociale (CNSS) et d ...
  • A Common ESG Language to Unlock Funding for Sustainable Infrastructure Projects in Developing Economies
    Authors
    Marianna Albuquerque
    Rim Berahab
    Sabrine Emran
    Rogerio Studart
    Afaf Zarkik
    July 5, 2023
    This policy brief was originally published on t20ind.org   Despite the perception of abundant financial resources and technology worldwide, building quality project pipelines of sustainable infrastructure and securing funding for them remains a challenge for most developing countries. One potential solution to these obstacles is international cooperation among governments through enhancing cooperation among their national, regional, and multilateral development banks, which alread ...
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    Financial Technology As A Driver of Financial Inclusion and Inclusive Development in the MENA Region: Risks and Opportunities
    Authors
    Aomar Ibourk
    Zakaria Elouaourti
    July 1, 2023
    This paper was originally published on erf.org.eg   The digital divide in the financial sector has occurred through the development of financial technologies. These latest “FinTech” refers to technological innovations that have emerged in the financial system in recent years, which are the new channels for providing financial services. These innovations have disrupted traditional financing models by making financial transactions more secure and by reducing spatiotemporal constrain ...
  • Informality and Inclusive Growth in the Middle East and North Africa
    Authors
    Gladys Lopez-Acevedo
    Marco Ranzani
    Nistha Sinha
    Adam Elsheikh
    June 23, 2023
    This report was originally published on openknowledge.worldbank.org The long-standing informality debate in the Middle East and North Africa (MENA) Region has taken on a new urgency as it looks for a pathway to more socially inclusive growth that is less reliant on fossil fuels. This is occurring against a backdrop of subpar labor market outcomes, further growth setbacks, and deteriorating fiscal and current account de ficits in the aftermath of the COVID-19 pandemic—and in the wak ...
  • حديث الثلاثاء : ميثاق الاستثمار الجديد وتأثيره على الاقتصاد المغربي
    Imane Lahrich & Larabi Jaidi
    June 13, 2023
    يعد ميثاق الاستثمار الجديد، الصادر، في دجنبر 2022، والذي تم تطبيق أول مراسيمه، في يناير المنصرم، خارطة الطريق الإستراتيجية لإعطاء نفس جديد للاستثمار بالمغرب، الذي من شأنه أن يعزز تنافسية ...
  • حديث الثلاثاء : ميثاق الاستثمار الجديد وتأثيره على الاقتصاد المغربي
    June 6, 2023
      يعد ميثاق الاستثمار الجديد، الصادر، في دجنبر 2022، والذي تم تطبيق أول مراسيمه، في يناير المنصرم، خارطة الطريق الإستراتيجية لإعطاء نفس جديد للاستثمار بالمغرب، الذي من شأنه أن يعزز تنافسية الاقتصاد الوطني، فضلا عن تثمين دور الفاعلين في القطاع الخاص، وكذا منظومة الإنتاج المغربية. من أجل...
  • Morocco: Boosting private-sector competitiveness for export success
    Authors
    Pierre Sauvé
    Uri Dadush
    May 29, 2023
    Morocco has made important strides in reducing poverty in the last three decades, thanks in large part to trade and industrial policies aimed at durably inserting the country into world flows of goods, services, and cross-border investment. Since 1992, per capita incomes have tripled (in current US$), contributing to a threefold drop in the Kingdom’s poverty headcount. The country of 37 million features consistently as one of the better-performing and more stable economies in the No ...
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    Trade Policy in Morocco: Taking Stock and Looking Ahead
    Authors
    Abdelaaziz Ait Ali
    Oumayma Bourhriba
    Inkyo Cheong
    Uri Dadush
    Lillyana Daza Jaller
    Larabi Jaïdi
    Siwook Lee
    Jamal Machrouh
    Jean-Christophe Maur
    Fatima Ezzahra Mengoub
    Martin Molinuevo
    Sahar Sajjad Hussain
    Pierre Sauvé
    Shane Sela
    Aleksandar Stojanov
    Iryna Klytchnikova
    Edited by Pierre Sauvé and Uri Dadush
    May 23, 2023
    The broad thrust of Morocco’s trade and industrial policies over the last thirty years has been to anchor Morocco into world flows of goods, services, and cross-border investment. Despite the challenges posed by the COVID-19 pandemic, rising international prices, and a complex geopolitical environment, Moroccans continue to derive significant benefits from their economy’s openness. These include improved consumer choice and welfare, the growing insertion of Moroccan firms into cross ...
  • Lutter contre l’inflation et renforcer la résilience : quelles perspectives pour la région MENA ?
    Authors
    Oumayma Bourhriba
    May 18, 2023
    Le Policy Center for the New South (PCNS) et le Fonds Monétaire International (FMI) ont organisé, le 28 avril, à Rabat, une table ronde d'experts sur le thème "Fighting Inflation and Building Resilience : the Outlook for MENA and Morocco". Au niveau international, la lutte contre l’inflation constitue la principale préoccupation des politiques économiques dans la majorité des pays. La détection des risques inflationnistes a pris du retard après la crise sanitaire parce que les aut ...
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    Driving The Dream: Morocco's Rise In The Global Automotive Industry
    Authors
    Abdelmonim AMACHRAA
    May 17, 2023
    Nothing better illustrates the positive contribution of the integration of national economies into global value chains than the fact that in the 1990s, the automotive sector barely existed in Morocco. Now, it is the leading export sector, with a production and assembly capacity of 700,000 vehicles, making it an attractive and competitive hub linking Africa and Europe in the automotive value chain. However, the automotive industry is on the cusp of change, with advances in electric a ...
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    How Can Moroccan Regions and Sectors Help to Achieve the ‘New Development Model’ Goals?
    Authors
    Eduardo Amaral Haddad
    Inácio F. Araújo
    May 5, 2023
    This paper presents a synthetic view of the socioeconomic and environmental impacts of the economic sectors and regions that make up the Moroccan economy, taking into account the current economic structure and production technologies. Therefore, the potential effects must be understood as signals to think about interventions aimed at redirecting the desired trajectories of sustainable development. The application of the tools developed to give scientific support to this analysis rev ...
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    The U.S. dollar’s “exorbitant privilege” remains
    Authors
    Otaviano Canuto
    April 27, 2023
    Recent initiatives and policy moves by China and other countries to extend the reach of use of the renminbi in the international monetary system, while the U.S. dollar share in global reserves has slightly shrunk in relative terms, have sparked frequent discussions about a hypothetical “de-dollarization” of the global economy. We approach here what that would mean in terms of global currency functions as means of payment and store of value. While we point out a relative decline of ...
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    Financing Climate Action: Equity Challenges and Practical Solutions
    Authors
    Rabi Mohtar
    April 26, 2023
    It is estimated that $1 trillion to $6 trillion per year (up to 2050) needs to be invested globally if the world is to stay below the 2°C global warming ceiling of the Paris Agreement and to meet its adaptation goals. Currently, investments stand at about $630 billion per year, way below the original target. And although great efforts have been made in the climate-finance area, more than 70% of the funds deployed have gone to one sector, renewable energy, followed by the transportat ...
  • Views on the Evolution of Moroccan Public Debt Sustainability
    Authors
    Youssef El Jai
    April 5, 2023
    The Policy Center for the New South and the Economic Research Forum held on March 20 a workshop titled ‘Stabilization and adjustment towards inclusive and sustainable policies in MENA: The Moroccan case study’. The event took place at the PCNS headquarters in Rabat, Morocco. It brought together renowned Moroccan economists and scholars to discuss the issue of public debt sustainability in the context of the Moroccan economy. It was an occasion to revisit the main features of the Mor ...
  • The Role of Cities: Linking Integrated Assessment Models to Urban Solutions
    Authors
    Camila Callegari
    Tarik Tanure
    Ana Carolina Oliveira Fiorini
    Eduardo Amaral Haddad
    Edson Domingues
    Aline Magalhães
    Fernando Perobelli
    Alexandre Porsse
    André F. P. Lucena
    Eveline Vasquez-Arroyo
    Mariana Império
    Luiz Bernardo Baptista
    Roberto Schaeffer
    March 20, 2023
    This Paper was originally published on mdpi.com   Cities play a fundamental role in reducing greenhouse gas emissions and advancing the 2030 Agenda for Sustainable Development. In this context, public authorities need tools to help in identifying the best set of available solutions for the urban environment. Here, we developed an approach to help decision makers in evaluating sustainable solutions, considering aspects such as emission rate, economic attractiveness, job creation, a ...
  • Regional convergence and catching up process in Africa: A tale of three clubs
    Authors
    Aomar Ibourk
    Zakaria Elouaourti
    March 15, 2023
    The aims of this article were twofold. First, to tackle the issue of convergence from an analytical point of view by presenting the mathematical developments of the main economic growth models, which emphasized that the convergence of African economies is conditional to the investment level in the early stages of physical capital accumulation. As the latter increases, the convergence of African economies is determined by other factors (investment in research and development (R&D ...
  • E-Commerce and the Digital Economy in Morocco, a Factor of Social Inclusivity and Employment: Context, Approach and Limits
    Authors
    Youssef Tobi
    February 28, 2023
    This publication was originally published on https://www.euromesco.net/   The Moroccan job market offers few opportunities for young non-educated Moroccans. With the rise of the internet, many Moroccans sought to find new ways to generate an income and find financial stability. During the COVID-19 pandemic, we have seen a rise of Moroccan entrepreneurs in e-commerce and dropshipping and a dramatic increase of motivational and educational content that aims at encouraging more peopl ...
  • Globalization - yesterday and tomorrow?
    February 27, 2023
    In this interview recorded during the Atlantic Dialogues, Mr. Helmut Sorge, Columnist at the PCNS interviews Mr. Masood Ahmed, President of the Center for Global Development about his insights on Globalization between yesterday and tomorrow. In fact, although the process of linking coun...
  • Agricultural Cooperatives’ Sustainability and the Relevance of Start-Up Support Programs: Evidence from Cooperatives’ Level in Morocco
    Authors
    Aomar Ibourk
    Karim El Aynaoui
    February 16, 2023
    This publication was originally published in https://www.mdpi.com/   The Moroccan agricultural cooperative sector is a key player in self-employment and income generation through territorial anchoring. The government’s “MOURAFAKA” program offers support for newly created cooperatives, including strategic diagnosis and training. This paper analyzes the impact of the MOURAFAKA program on the sustainability of agricultural cooperatives in Morocco. Using original data from a survey of ...
  • AfCFTA and the Creeping Power Play: Africa, the European Union, and China
    Authors
    Selassie Tay
    February 15, 2023
    Background The African Union in 2018 agreed to implement the world’s second-largest free-trade area measured by number of countries, people, and geographical size, with the signing of the African Continental Free Trade Agreement (AfCFTA). This agreement will ultimately lead to a continent-wide free trade area consisting of 54 countries with 1.3 billion people and a combined GDP of $3.4 trillion[1]. This equates to about 19%-20% of the GDP of the European Union and China, which are ...
  • How to Measure the Digital Economy in 5G Technologies and Digital Silk Road Era
    Authors
    Davit Gondauri
    Nino Enukidze
    Otaviano Canuto
    Mikheil Batiashvili
    January 31, 2023
    This publication was originally published in https://ijisrt.com/assets/upload/files/IJISRT23JAN789.pdf   The current transformation of the society under the influence of digital technologies has no historical analogue in terms of its spread and the pace of development. The future will heavily depend on digital technologies. The role of the digital economy and 5G technologies is increasing day by day and for Georgia, - as a developing country, it is important not to fall behind the ...
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    Capital flows and emerging market economies since the global financial crisis
    Authors
    Otaviano Canuto
    January 20, 2023
    This paper was originally published as a chapter within the Book, Foreign Exchange Constraint and Developing Economies, published on January 2023 (ISBN  978 1 80088 049 8).   The decade after the global financial crisis (GFC) of 2007–2009 saw signifi- cant changes in the volume and composition of capital flows in the global economy. Portfolio investments and other non-bank financial intermediaries (NBFIs) are behind an increasing share of foreign capital flows, while bank- ing flo ...
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    La vulnérabilité économique : le plus grand défi de l’Afrique
    Authors
    Fahd Azaroual
    December 27, 2022
    En Afrique, le niveau de la vulnérabilité économique des pays reste élevé et représente un obstacle à la croissance économique et à la réduction de la pauvreté. Ce constat nous mène à étudier cette problématique pour un échantillon des pays africains les plus exposés aux chocs économiques. En effet, ce travail a pour objectif principal d’identifier les effets des composantes des deux indicateurs de vulnérabilité et de résilience économique sur le niveau de reve ...
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    Valuing the Economic Cost of Remoteness: A Case Study of the Tiznit-Dakhla Expressway in Morocco
    Authors
    Eduardo Amaral Haddad
    Mahmoud Arbouch
    Ademir A. Rocha
    Vinicius A. Vale
    December 22, 2022
    There is a long tradition in transportation planning research in quantifying remoteness in the context of accessibility indicators. Considering an existing system’s network structure and its components’ performance, it is possible to assess the socio-economic impacts of changes in the physical characteristics of specific links that affect critical locations. Nonetheless, the connection between changes in accessibility and their socio-economic consequences frequently relies on using ...
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    L'émergence des cryptomonnaies en Afrique : réalité ou surévaluation ?
    Authors
    Henri-Louis Vedie
    December 8, 2022
    Cette étude concerne 33 États du continent africain où, en 2022, le % des détenteurs de cryptomonnaies de chaque pays, par rapport à sa population est au minimum de 1 %. À eux seuls, trois parmi ce groupe de pays, que sont l’Afrique du Sud, le Kenya et le Nigeria, totalisent plus de 333 millions de personnes, avec des pourcentages de leurs détenteurs de cryptomonnaies proches compris entre plus de 12 % en Afrique du Sud, plus de 11 % au Kenya et plus de 10 % au Nigeria. À l' ...
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    DIGITALISE TO INDUSTRIALISE : Egypt, Morocco, Tunisia, and the Africa–Europe Partnership
    Authors
    Karim El Aynaoui
    Larabi Jaïdi
    Akram Zaoui
    November 24, 2022
    This chapter was originally published in the book "Africa–Europe Cooperation and Digital Transformation", co-edited by Chux Daniels, Benedikt Erfoth, and Chloe Teevan Since the mid-2010s, North African countries have been pursuing what some observers have called a “return to Africa” (Dworkin, 2020). Egypt, Morocco, and Tunisia have attempted to position themselves as major components of Europe- Mediterranean-Africa infrastructure and supply chains corridors (Tanchum, 2020). The thr ...
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    A strong dollar is contractionary for the global economy
    Authors
    Otaviano Canuto
    November 22, 2022
    The US dollar has risen dramatically in value against other currencies recently. Three channels through which factors affecting bilateral exchange rates operate have been pulling up the U.S. dollar: yield differentials, liquidity differentials, and growth differentials. The strong appreciation of the US dollar against other currencies recently reinforced the contractionary pressures present in the global economy. Ultimately, the “turn” or “pivot” of the dollar will most likely occur ...
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    Informal Markets and Parallel States
    Authors
    Hisham Aidi
    November 17, 2022
    This piece examines the role of labor and religious movements in the face of the “informalization” of the African economy. How does the growth of an informal sector set back class formation and labor activism? How will the rise of economic networks outside formal economic and political channels affect state capacity? Can labor unions develop organizational independence if the labor market is segmented with a growing number of informal workers? What happens when labor market “insider ...
  • Presentation Seminar: Annual Report on the Economy of Africa - Panel 2 & 3
    November 4, 2022
    Panel 2: Les Communautés Economiques Régionales : Quel apport à la résilience africaine dans un contexte de chocs multidimensionnels ? Modérateur:            Abdelaaziz Aït Ali, Manager – Département d’économie, Policy Center for the New South   Intervenant.e.s : Nezha Alaoui M’hamm...
  • Le débat parlementaire sur la loi de Finances: Lisibilité, transparence et sincérité du budget
    Authors
    Larabi Jaïdi
    October 28, 2022
    Le débat parlementaire sur la loi de Finances va bientôt entamer son cycle annuel. L'examen de la loi de Finances est un temps fort du débat budgétaire. Il est indéniable que la finalité de la représentation nationale est de promouvoir une logique d'efficacité des institutions du Royaume. Le débat déborde naturellement le cadre de travail des commissions et des séances publiques parlementaires pour irradier la presse, les acteurs économiques et sociaux et l'opinion publique. La diff ...
  • Will Latin America Return to Mediocre Growth After Shocks?
    Authors
    Otaviano Canuto
    October 24, 2022
    The pandemic has hit Latin America hard, and its economic recovery has been slower than in other regions. In addition to the legacy of higher public indebtedness, the pandemic left scars on the labor market and the human capital formation of future workers. The COVID-19 crisis has receded in Latin America but has left a significant toll. Reported deaths from the pandemic are currently low and converging to global levels. The average excess mortality during the pandemic was among t ...
  • حديث الثلاثاء : تقييم وٱفاق العمل الحكومي في المغرب في وسط تحديات متعددة الابعاد
    October 18, 2022
    وجدت الحكومة المغربية نفسها بعد عام من بداية عملها أمام مجموعة من التحديات نتيجة سلسلة الأزمات الدولية التي اندلعت خلال السنوات الأخيرة وتداعياتها. فبعد الطموحات والأهداف المعلن عنها في البرنامج الحكومي، علاوة على الأوضاع الدولية تُطرح جملة من الإشكاليات التي تسبّبت في إعادة النظر وفي ت...
  • Formalizing the Informal Sector: a Fundamental Policy for the Economic Stability of the MENA Region
    Authors
    Hamza Saoudi
    October 18, 2022
     This publication was originally published in the IEMed Mediterranean Yearbook 2022   The informal sector plays a major role in most MENA economies. It employs a large share of the total population and, on average, accounts for about 22% of GDP. According to the International Labour Organization (ILO), which defines informal employment as the proportion of workers without access to social security, the share of informal employment in total employment in MENA countries ranges from ...
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    Les capitales de région : des projets urbains aux ambitions plurielles
    Authors
    Mostafa Kheireddine
    October 17, 2022
    Depuis deux décennies, le Maroc réalise de grands projets urbains qui ne manqueront pas de façonner la ville marocaine du XXIe siècle. Ce programme de développement urbain intégré concerne les grandes agglomérations. Il est considéré comme une réponse à une politique de la ville en mal de territorialisation au vu de la faible convergence des politiques publiques. Ce choix politique augure de nouveaux modes d’intervention et de gouvernance des villes. Le programme s’opèr ...
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    Pandemic, War, and Global Value Chains
    Authors
    Abdelaaziz Ait Ali
    Mahmoud Arbouch
    Otaviano Canuto
    October 7, 2022
    “The debate on the viability of industrial policy design based on the fragmentation of global value chains, from a cost optimization perspective, did not arise first in the wake of the Covid-19 crisis but was present long before. This industrial policy design was justified by the great development of logistics and transport across the world’s industrial clusters, which allowed just-in-time manufacturing to become the main adopted production model. However, the disruption of logistic ...
  • Rapport annuel sur l’économie de l’Afrique
    Authors
    Sous la direction de Larabi Jaïdi
    Larabi Jaïdi
    Abdelaaziz Ait Ali
    Nezha Alaoui M’hammdi
    Muhammad Ba
    Rim Berahab
    Oumayma Bourhriba
    Marouane Ikira
    Pierre Jacquemot
    Brian Kelly Nyaga
    Leo Kemboi
    Moubarack Lo
    Mouhamadou Ly
    Badr Mandri
    Fatima Ezzahra Mengoub
    Solomon Muqay
    Dennis Njau
    Meriem Oudmane
    Ahmed Ouhnini
    Kwame Owino
    Faith Pittet
    Hamza Saoudi
    Amaye Sy
    Akram Zaoui
    September 29, 2022
    La succession des chocs pandémique, climatique et géopolitique a éprouvé les économies africaines. Les liens commerciaux et financiers avec le monde ne sont plus seulement considérés comme des moteurs de performance, mais aussi comme des sources potentielles de vulnérabilité. La défiance à l’égard de la mondialisation s’est accrue. Parce qu’elle est venue souligner la dépendance du continent, le dérèglement de ses rapports à la nature et sa vulnérabilité face aux tensions géopolitiq ...
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    Défis, opportunités, impacts et facteurs de succès de la ZLECAf
    Authors
    Moubarack Lo
    Amaye SY
    September 5, 2022
    Le 1er janvier 2021, les pays africains ont lancé la Zone de libre-échange continentale africaine (ZLECAf). Les caractéristiques actuelles des économies africaines mettent, en effet, en évidence un potentiel d'échanges plus intenses, complexes et diversifiés entre les pays du continent. Elles révèlent en même temps de nombreux handicaps tels que le faible niveau d'industrialisation ou de création de valeur régionale. Plusieurs études d'impact ont été menées sur les e ...
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    Input-Output Analysis of the Ukraine War: A Tool for Assessing the Internal Territorial Impacts of the Conflict
    Authors
    Eduardo Amaral Haddad
    Inácio F. Araújo
    Ademir Rocha
    Karina Sass
    August 12, 2022
    The Russian invasion of Ukraine on February 24, 2022, scaled up the ongoing conflict in Donbas beyond its regional borders, hindering and halting different aspects of economic life. Considering the internal geography of Ukraine’s economic structure, the damages to physical infrastructure and supply chain disruptions are likely to propagate to other parts of the country through an intricate plot of production and income linkages. From a disaggregated analysis of multiregional and mul ...
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    The Sovereignty of Developing Countries: The Challenge of Foreign Aid
    Authors
    Noamane Cherkaoui
    July 25, 2022
    Foreign aid has a well-established and significant role in international relations. The role of foreign aid in the repertoire of international development programs is extensively documented, with its goal being the promotion of human and economic development. Foreign aid can be defined as “all forms of assistance that a country derives from other governments or multilateral agencies and financial institutions to fill noticeable gaps, especially in production, savings, and investment ...
  • Tarification Carbone et Développement économique
    July 6, 2022
    Le Policy Center for the New South et Enel Green Power Maroc co-organisent un webinaire sur "la tarification du carbone et le développement économique". Cette rencontre permettra de débattre des défis, des avantages et des limites des mécanismes de tarification du carbone et de leur imp...
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    Analyse structurelle des scénarios économiques à court terme pour le Maroc : une approche multi-sectorielle et multirégionale
    Authors
    Eduardo Amaral Haddad
    Inácio F. Araújo
    Fatna El Hattab
    Soulaimane Anis
    Fatima Ezzahra Mengoub
    Oumayma Bourhriba
    June 30, 2022
    Depuis l’année 2015, le Maroc a fait de la régionalisation avancée un choix stratégique pour concrétiser sa volonté politique de mettre en œuvre une approche de développement territorial plus intégrée. Cette initiative vise à assurer un développement territorial durable, robuste et inclusif mais aussi à capitaliser sur les potentialités de chaque région en termes de ressources. Ainsi, de nouvelles structures ont été mises en place pour moderniser les services publics et améliorer le ...
  • Morocco: A Regional Player
    Authors
    Jamal Machrouh
    June 27, 2022
    Three questions to Jamal Machrouh   This article was initially published on https://www.institutmontaigne.org/   Morocco was among the countries not taking part in the March 2 UN General Assembly vote following Russia’s invasion of Ukraine. This position raised questions in Europe as Morocco is Europe's largest partner in the Maghreb. Jamal Machrouh, Senior Fellow at the Policy Center for the New South, sheds light on Morocco's perceived neutrality in the Ukrainian conflict in o ...
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    Innovation in Africa: Evidence and Implications for Growth and the Transition to High-Income Status
    Authors
    Emmanuel Pinto Moreira
    Rishita Mehra
    June 24, 2022
    For today’s middle-income countries in Africa, innovation is essential to sustain growth and promote the transition to high-income status. This paper begins by providing an in-depth review of the region’s innovation performance during the last three decades. A distinction is made between residents and non-residents, and outcomes at different income levels. Using cross-country regressions, we then study the determinants of innovation and assess the impact of innovation on growth in t ...
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    Quelles options pour l’intégration monétaire en zone CEDEAO ?
    Authors
    Moubarack Lo
    Mohamed Ben Omar NDIAYE
    June 15, 2022
    La question de la mise en œuvre du projet de monnaie unique de la CEDEAO a encore été au centre des discussions entre les chefs d’État de la CEDEAO lors de leur 57ème session ordinaire, tenue à Niamey le 7 septembre 2020, et lors de laquelle ils ont décidé pour diverses raisons un nouveau report à une date ultérieure, après ceux de 2003, 2005, 2009 et 2015. Les chefs d’État ont aussi évoqué l’élaboration d’une « nouvelle feuille de route », sans toutefois déterminer u ...
  • COVID-19 and Developing Countries-The Road to Recovery
    By Badr Mandri, Hinh Dinh
    June 10, 2022
    The latest IMF projections indicate that global growth will be 4.4% in 2022 after 5.9% in 2021. These projections make us very optimistic for the future, but they certainly cannot heal th ...
  • Slowbalization, Newbalization, Not Deglobalization
    Authors
    Otaviano Canuto
    June 1, 2022
    IMF Managing Director Kristalina Georgieva’s message to the Davos meeting last week referred to the upside risks of “geoeconomic fragmentation”  due to the war in Ukraine. Considering the ongoing rivalry between the United States and China and the alliance between the latter and Russia, the narratives about a West-East division in the global economy have become louder with an end and reversal of globalization. After the 2008 global financial crisis, the belief that globalization an ...
  • DebtCon Virtual Session: Paper Presentations & Policy Session
    May 11, 2022
    The Policy Center for the New South is pleased to organize an online parallel event in the framework of the Annual Interdisciplinary Sovereign Debt Conference, organized by the Graduate Institute of Geneva, the European University Institute and the GeorgeTown University. The objective o...
  • Atlantic Currents : Rim Berahab and the Threat of Climate Change
    May 10, 2022
    This is an exclusive interview with Rim Berahab, Senior Economist at the Policy Center for the New South, who engages with Helmut Sorge, Columnist at the Policy Center for the New South, in a conversation about the great threat of the climate crisis. Rim Berahab is the author of Chapter...
  • Atlantic Currents Podcast : Abdelhak Bassou et l’Afrique des fossés
    April 25, 2022
    Retrouvez en exclusivité l’interview de Abdelhak Bassou, Senior Fellow au Policy Center for the New South, qui se livre à Helmut Sorge, Columnist au Policy Center for the New South, au sujet des multi-disparités présentes en Afrique. Abdelhak Bassou est l’auteur du Chapitre 5 du rapport...
  • Russian-Ukrainian war: Regional & Global consequences
    April 21, 2022
    On February 24, 2022, Russia launched a military action in Ukraine. This operation and subsequent events is having a global impact, with far-reaching political and economic implications. In the short term, the conflict will affect the global economy through three main channels: financia...
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    Morocco Emergence in Global Value Chains: Four exemplary industries
    Authors
    Abdelmonim Amachraa
    Bertrand Quelin
    April 20, 2022
    Global value chains (GVCs) are intended to fragment global production among several countries and companies. In this context, national economies have begun processes of insertion and specialization with both social and green objectives, because multinationals (MNEs) create significant negative externalities. Morocco has chosen to develop an integrated economy in global businesses. This country relies on a long-term political vision and some modern infrastructures. The government pro ...
  • Capital humain et développement économique et social au Maroc
    Authors
    Sous la direction de: Idriss El Abbassi
    Mariem Liouaeddine
    Badr Mandri
    April 5, 2022
    Ce livre est l’aboutissement d’un appel à communications organisé conjointement par le Policy Center for the New South et le Laboratoire d’Economie appliquée de la Faculté des Sciences juridiques, économiques et sociales (FSJES) Rabat-Agdal. Il s’agit d’un nouveau maillon dans la collaboration entre les deux institutions depuis 2015 qui consacre la volonté et l’engagement du Policy Center for the New South d’entretenir des liens étroits avec le monde académique et d’offrir a ...
  • There Are No Shortcuts to Economic Development
    Mahmoud Arbouch & Otaviano Canuto
    April 01, 2022
    The Covid-19 crisis has led to major disruptions in Global Value Chains. In this episode, Otaviano Canuto answers to questions about the impact on the design of post-covid industrial poli ...
  • Dollar dominance will remain
    Authors
    Otaviano Canuto
    March 29, 2022
    The heavy financial sanctions on Russia after the invasion of Ukraine sparked speculations that the weaponization of access to reserves in dollars, euros, pounds, and yen would spark a division in the international monetary order. China would tend to strengthen its own international payments system and accelerate the establishment of its currency – the Renminbi – as a rival reserve currency to reduce its vulnerability to moves of a similar nature against it. Countries facing geopoli ...