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Industrial Policy in the Middle East and North AfricaRethinking the Role of the State$
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Ahmed Galal

Print publication date: 2008

Print ISBN-13: 9789774160509

Published to Cairo Scholarship Online: September 2011

DOI: 10.5743/cairo/9789774160509.001.0001

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An Empirical Analysis of Industrial Policy in Morocco

An Empirical Analysis of Industrial Policy in Morocco

Chapter:
(p.51) Chapter 4 An Empirical Analysis of Industrial Policy in Morocco
Source:
Industrial Policy in the Middle East and North Africa
Author(s):

Ahmed Galal

Publisher:
American University in Cairo Press
DOI:10.5743/cairo/9789774160509.003.0004

Two extreme views often seem to have dominated the discussions of the role of the government in socioeconomic development. The first view has been that effective government is not only necessary due to market failure but possibly even sufficient to achieve economic development. The second view is associated with the neoclassical counter-revolution or new orthodoxy school, which has its roots in the thought of Friedrich von Hayek. These two extreme views become clearer when one looks at the particular field of industrial policy in developing countries. From the second point of view, industrial policy elicits very strong reactions, while the first view sees it somehow as the magic bullet for resolving urgent problems of economic growth. The Moroccan state has pursued its policies of picking winners and losers through its credit policy.

Keywords:   role of government, socioeconomic development, neoclassical counter-revolution, orthodoxy, Moroccan state

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