The actual unhealthy situation of the world most powerful economies is a fact, lately last week we seen many signs of weakness’ and help demands from relatively traditional rich countries like Iceland or the former ex-URSS Ukraine, certainly the list is going to enlarge with countries in need of urgent help, IMF CEO Dominique Strauss-khan announced last Friday, and he added that the IMF would make available more than 200 billion dollars in loans to countries facing difficulties due to the global financial crisis.
After a close fallow up of the US$ face the EU€, I was certain that the global economy will face a frontal shock when the US$ felled to 1.59 five months ago, after many analyzes I was convinced that and the countdown started and the US will start taking small decisions to prepare the ground to a radical unnamed changes.
The US$ recovery in a recessional global atmosphere show us a clear return to the real competitiveness of liberal economies, a decrease of fossil energy prices, followed by the Gold and raw materials, which is making less attractive the stipulations about Bio-fuel, this global depression is simply a way to put the global economy on the right direction, the incredible rise of oil price was bringing the global economy to a dangerous ‘cul de sac’. the global economies starts slowing down because of the heavy energy charges which was benefiting some few oil producers and penalizing many countries of the third world which became completely dependent on foreign help, and because of the globalization the snow ball effect would be inevitable, and would make the donors countries incapable of sending help because of their slowing economies and lower governmental income, all these enchained events will make poor countries defenseless regarding hunger threat, as seen when the price of corn rose by 250% last year, or Indian decision to stop exporting rise.
Some countries like Morocco which give really important healthy economic signs, start calling on other economies that suffer from their uncertain future growth to invest in North African Kingdom, in fact the Moroccan government chooses this precise period to capitalize many profitable multimillion governmental companies to attract global economical actors into the kingdom. Morocco with his stable financial banking system as IMF concluded in last month report, and with a free trade agreement with USA late in 2004 in addition to the European Union agreement (in October 13th) in Luxembourg to grant Morocco advanced status relations with the 27-member bloc.
"This European engagement on the advanced status is firstly a proof of confidence... in Morocco's efforts in terms of political reforms, consolidation of the rule of law, a better justice system, economic reforms, social cohesion and the fight against poverty," Moroccan Foreign Minister Taieb Fassi Fihri told reporters in Luxembourg; This agreement places EU relations with Morocco a level above countries such as Egypt, Israel, Georgia and Ukraine, Morocco will also be able to participate in a number of European agencies, such as Europol, the European Air Security Agency and the European Monitoring Centre for Drugs and Drug Addiction, The "advanced status" would also include the setting up of a "common economic space" based on the rules of the European Economic Area, comprising the EU nations plus Iceland, Liechenstein, Norway and Switzerland.
Morocco has a promising top property internal market, and a 10 million tourists vision visiting Morocco by 2010, Morocco with a stable regional annual GPD Growth by 6.5% despite the global crisis is positioning as a strongly recommended for investment by the Cambridge University after his annual study of EMEA economies.
The potential of Morocco regarding relocating offshore companies 70% and 50% of France and Spain respectively in addition to his a geostrategic position in the crossroad of Africa, Europe and Mediterranean routs, the growing automotive industry (exporting 400.000 car yearly by 2013 Morocco) a promising aeronautical sector ,IT, and a strong chemical sector, and a top agricultural products exporter mainly to Europe and Russia, another strength point is the green plan lunched by the government to make the kingdom as a reference in using green energy wind and solar fields biggest investment in Africa.
After a close fallow up of the US$ face the EU€, I was certain that the global economy will face a frontal shock when the US$ felled to 1.59 five months ago, after many analyzes I was convinced that and the countdown started and the US will start taking small decisions to prepare the ground to a radical unnamed changes.
The US$ recovery in a recessional global atmosphere show us a clear return to the real competitiveness of liberal economies, a decrease of fossil energy prices, followed by the Gold and raw materials, which is making less attractive the stipulations about Bio-fuel, this global depression is simply a way to put the global economy on the right direction, the incredible rise of oil price was bringing the global economy to a dangerous ‘cul de sac’. the global economies starts slowing down because of the heavy energy charges which was benefiting some few oil producers and penalizing many countries of the third world which became completely dependent on foreign help, and because of the globalization the snow ball effect would be inevitable, and would make the donors countries incapable of sending help because of their slowing economies and lower governmental income, all these enchained events will make poor countries defenseless regarding hunger threat, as seen when the price of corn rose by 250% last year, or Indian decision to stop exporting rise.
Some countries like Morocco which give really important healthy economic signs, start calling on other economies that suffer from their uncertain future growth to invest in North African Kingdom, in fact the Moroccan government chooses this precise period to capitalize many profitable multimillion governmental companies to attract global economical actors into the kingdom. Morocco with his stable financial banking system as IMF concluded in last month report, and with a free trade agreement with USA late in 2004 in addition to the European Union agreement (in October 13th) in Luxembourg to grant Morocco advanced status relations with the 27-member bloc.
"This European engagement on the advanced status is firstly a proof of confidence... in Morocco's efforts in terms of political reforms, consolidation of the rule of law, a better justice system, economic reforms, social cohesion and the fight against poverty," Moroccan Foreign Minister Taieb Fassi Fihri told reporters in Luxembourg; This agreement places EU relations with Morocco a level above countries such as Egypt, Israel, Georgia and Ukraine, Morocco will also be able to participate in a number of European agencies, such as Europol, the European Air Security Agency and the European Monitoring Centre for Drugs and Drug Addiction, The "advanced status" would also include the setting up of a "common economic space" based on the rules of the European Economic Area, comprising the EU nations plus Iceland, Liechenstein, Norway and Switzerland.
Morocco has a promising top property internal market, and a 10 million tourists vision visiting Morocco by 2010, Morocco with a stable regional annual GPD Growth by 6.5% despite the global crisis is positioning as a strongly recommended for investment by the Cambridge University after his annual study of EMEA economies.
The potential of Morocco regarding relocating offshore companies 70% and 50% of France and Spain respectively in addition to his a geostrategic position in the crossroad of Africa, Europe and Mediterranean routs, the growing automotive industry (exporting 400.000 car yearly by 2013 Morocco) a promising aeronautical sector ,IT, and a strong chemical sector, and a top agricultural products exporter mainly to Europe and Russia, another strength point is the green plan lunched by the government to make the kingdom as a reference in using green energy wind and solar fields biggest investment in Africa.
