Why is morocco poor

Using its geographical proximity to Europe, the country is positioning itself to become the trade center of Africa. Combining this with low-cost labor, Morocco is moving toward an open market economy. Mohammed VI, the current sovereign of Morocco, has reigned over a steadily growing economy.

In order to further support their increased industrial development and trade, Morocco built a new port and free trade zone near the city of Tangier. Income inequality is one of the main issues that reflects the state of poverty in Morocco. This inequality has far-reaching implications in Morocco. The Gini coefficient fell slightly between and , going from The reduction in the overall Gini coefficient was the result of two counter-balancing trends: convergence of development across regions and increased within region inequality in some of the regions.

Indeed, inequality increased in some regions e. Rabat-Sale-Kenitra from Growth contributed to poverty reduction in all regions while the effect of inequality differed across regions. Despite positive outcomes as far as poverty alleviation is concerned, Morocco is still faced with high subjective poverty, especially in rural areas.

The marked divergence between subjective poverty and the monetary aspects of poverty is a common phenomenon in developing countries, which shows the complexity of the very concept of poverty. Nationally, the subjective poverty rate the percentage of household considering themselves poor increased from This was true also among women Overall, The Essaouira stampede highlights the suffering Moroccans experience as a result to current drought, increased food costs, skyrocketing unemployment and fixed incomes.

Economist and Nobel Prize-winner Angus Dayton pointed out the role globalization and technology play in creating millions of jobs and subjecting a large number of people to unemployment, which thus widens the gap between the rich and poor.

Improved literacy levels can reduce poverty in Morocco. Not only does education lift families out of poverty, it keeps them from falling back into it. Children who receive an education attain skills that render them a vital component of the workforce. Promoting volunteering among young change-makers and international organizations is essential to solving the poverty crisis in Morocco.