Economy and Politics of Morocco

The kingdom of Morocco is an independent monarchy, situated in North Africa and separated into 37 provinces. The gene of Morocco is a collective mix of ethnic groups along with Berbers, Arabs, Phoenicians, Sephardic Jews, and sub- Saharan Africans.

Morocco has a Liberal economy and like other economies of the world, it is also governed by law of supply and demand. Some sectors of the economy are in the hands of the government and the rest are mostly privatized.

France is the major trade partner and the first creditor and foreign investor in Morocco. Morocco has signed various agreements of free trade with its principal economic partners. Some such agreements include The Euro-Mediterranean free trade area agreement with the European Union, the Agadir Agreement signed with Egypt, Jordan, and Tunisia, the US-Morocco Free Trade Agreement with USA and the agreement of free exchange with Turkey.

As far as the Politics of Morocco is concerned, it has a set framework of a parliamentary constitutional monarchy. In accordance to Moroccan constituency, the Prime Minister of the country is the head of government and also of a pluriform multi-party system. All the Executive power of the constitution are exercised by the government whereas the Legislative power is vested in both the government and the two chambers of parliament, namely the Assembly of Representatives of Morocco and the Assembly of Councillors.

The constitution of Morocco also grants extensive powers to the King. The King presides over the Council of Ministers, appoints the Prime Minister following legislative elections and also appoints the members of the government.

The King is also the formal chief of the military. The present King of Morocco King Hassan II succeeded to the throne in 1961, upon the death of his father Mohammed V. King Hassan II ruled Morocco for 38 years, until he past away in 1999. His son, King Mohammed VI, assumed the throne in July 1999.