Global Value Chains and Economic Development: What Impact on The Moroccan Economy?

(Pages 227-236)

Bilal Lotfi1,* and Ismail Lotfi2,3
1Laboratory of Engineering Sciences, National School of Applied Sciences, Ibn Tofail University, Kenitra, Morocco.
2Laboratoire de Recherche et d'Etudes en Management, Entrepreneuriat et Finance (LAREMEF), ENCGF, Sidi Mohamed Ben Abdellah University, Fez, Morocco.
3Laboratoire Systèmes et Environnements Durables (LSED), Faculté des Sciences de l’Ingénieur (FSI), Université Privée de Fès (UPF), Fez, Morocco
DOI: 10.35341/1923-7529.2021.19.23

Abstract:

Globalization has changed the way goods and services are produced. The activities that form the value chains of many products and services are increasingly fragmented across the globe and between firms. But the question is how we get positive economic and social benefits by taking part in these global value chains. In the case of Morocco, it appears that the current form of its integration in Global Value Chains (GVCs) has only a limited effect on economic growth in the long-term. Indeed, despite the continued growth of Moroccan exports since 2011, the local added value in these exports has not increased so much. Consequently, the current stage of Morocco in GVCs does not allow improvement of per capita income and employment rates. In this respect, moving upmarket in GVCs and discovering of a new, more complex sector is no minor detail, but proves to be an absolute necessity for the territorial development of Morocco.


Keywords:

Global Value Chains, Economic development, Exports, VECM.


How to Cite:

Bilal Lotfi and Ismail Lotfi. Global Value Chains and Economic Development: What Impact on The Moroccan Economy?. [ref]: vol.19.2021. available at: https://refpress.org/ref-vol19-a23/


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