ABSTRACT
This chapter discusses the import substitution industrialization, Soviet-style state planning, and the Washington Consensus including the structural adjustment policies of the International Monetary Fund. It argues that Mohammed VI has achieved some outstanding successes in modernizing certain sectors of Morocco’s economy and in professionalizing some areas in which Moroccans work. The King Mohammed VI is able to deviate from pressures to adopt pristine neoliberal policies stems from his role in international politics and his good standing among European and US leaders. The King’s approach to Moroccan economic development can be characterized as a sort of imprecise adaptation of European capitalist economies in the 2000s, a capitalist economy that differed from the US model. King Mohammed VI adopted strategies to professionalize key sectors of Morocco’s economy, and to alter and enforce Moroccan laws to protect foreign and domestic investment. The chapter also presents an overview of the key concepts discussed in this book.
