Comparative Economic Analysis of Libya and Morocco in the context of Globalization

Aalaoui Souhaile (2024) Comparative Economic Analysis of Libya and Morocco in the context of Globalization. Külkereskedelmi Kar. (Kéziratban)

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Absztrakt (kivonat)

SOUHAILE AALAOUI Supervisor: Active semester 5 Dr. Vallyon Andrea International Business Associate professor BGE KKK BGE KKK COMPARATIVE ECONOMIC ANALYSIS OF LIBYA AND MOROCCO IN THE CONTEXT OF GLOBALIZATION This paper is a comparative analysis of the differential paths to development of Libya and Morocco; despite taking different orientations, they face somewhat similar internal issues. From one standpoint, the Libyan economy relies solely on oil revenues, which has helped it to maintain a Balance of Payment surplus but has also made it vulnerable to global changes in oil prices. From another perspective, Morocco has adopted a globalization strategy of liberalization and export diversification. However, the sustainable growth needed hasn’t been reached to address the country’s trade imbalance and persistent developmental challenges. Therefore, this research shows that the BoP isn’t always the most accurate factor to judge a country’s long-term prosperity; it also proposes ideal economic models for both countries to adopt to achieve stability and consistent growth through answering the following questions: How do trade policies in Libya and Morocco affect their economic stability and growth on a national and an international scale? And how can Libya and Morocco draw lessons from the economic models of Norway, Chile, and Vietnam, and what policy adjustments are essential for each to achieve sustainable, long-term economic stability? This paper examines how Libya's and Morocco's different trade policies shape their economic resilience in a globalized world and draws lessons from other nations to suggest strategies for sustainable growth tailored to each country. The research is carried out with a comparative and descriptive research methodology, based on secondary data collected mostly from government reports, international economic databases, and academic sources. This data helps us examine the socio-economic, political, and historical context of each country to better understand the source of their struggles, as well as study international case studies of successful models in Norway, Vietnam, and Chile to learn lessons that can be fitted to these countries to help boost economic resilience. The results confirm that both countries shoud take measures to avoid long-term irreversible repercussions. The research here proposes some modifications that could be beneficial for both countries: Libya has to create a sovereign wealth fund, such as the one Norway has created, to diversify its economy, and Morocco has to ameliorate its internal deficiencies as well as focus on high-value industries like those in Vietnam and Chile.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Mű típusa:	TDK dolgozat
Kulcsszavak:	21th century, competitiveness (economics), economic developement, economic forecasting, economics, international cooperation
SWORD Depositor:	User Archive
Felhasználói azonosító szám (ID):	User Archive
Rekord készítés dátuma:	2025. Szep. 23. 11:56
Utolsó módosítás:	2025. Szep. 23. 11:56

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