Essay Of Economic Growth

Moreover, some importance was given to the tourist sector.This was the period between the 1969 which explains different mistakes that made Moroccan development go a little bit slower.

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Economic development theories relate to the causes of industrial-economic modernization, the phases of economic development, and the organizational related aspects of enterprise development; it requires sociological, economic, and cultural researches on the evolution of markets and industrial organizations within modern societies.

From other perspectives, economic development of embrace improvements in a variety of indicators such as literacy rates, life expectancy, poverty rates, health, and education.

Some other sectors kept integrating the Moroccan economy for a better development such as telecommunication and gas exploration.

With all this development in the beginning of the 21st century poverty was still there.

The HDI measures education and health besides GNP, and so is multi-dimensional.

Another advantage of HDI is that it focuses on the ultimate objective of economic development and not only the means used to reach it.

For instance, an increase in disposable incomes often leads to improvement in health and nutrition among others.

Other people may define economic improvement of social outcomes related to different so called basic necessities such as clean water supply, education, social safety and so on.

In the 1900’s, a new strategy took place by imposing some new policies and the government trying to make it diverse in terms of the economy.

The economic growth stabilized the Moroccan economy and made the 21st century the best period of all.


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