In Morocco, the people are asking for a change in their government by asking for more democracy. Morocco is another country in the North Africa/Middle East area that is pressing for change.
The people of Morocco are requesting for a more legitimate democracy by limiting the power of the King, Mohammed VI- who with his advisors holds most of the power. Similar to Egypt- there have been protestant movements via the internet and Facebook and other social network websites. But there have been large protestant movements with violence and arrests.
Mohammed VI and his advisors understand some type of reform is needed in Morocco- about 20 percent of the population lives below the poverty line; where the median age is 26.5; and where there is high unemployment, high illiteracy and a level of corruption judged to be more severe than in Tunisia, if below that of Egypt.
2 comments:
Although this news is extremely relevant to all of us, the reason it is relevant to economics is because of the damage any unrest or revolution will do to the economy. I posted an article a while ago about how the Egyptian economy was devastated for days because of riots.
Now Tunisia, maybe Morocco, Bahrain, maybe Libya and Yemen ??
Also, I am posting an article about protests in China. Although they were small compared to other countries, the Chinese government is very paranoid about protests and if the Chinese economy stalls there will be much more of a global impact than some of these other countries.
this article is interesting because it talks about the failure of several economic institutions in this system. the main problem for morocco is that they are not happy with the centralized decision making in their government, and that is why the people are upset with the current king.
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