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by Dinoso
3893 days ago
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One key motivator for Morocco to seek alternatives to Oil, is it's neighbor and arch enemy Algeria. Think of it like USA vs Russia and their race to be the Nr 1. All the advancement in telecommunication, Space, Robotics..etc are partly due to this race. Algeria actively supports separatists in the Sahara (Polisario front) for independence. Algeria was a very rich country until the recent demise of Oil price. Morocco has to compete with a neighbor with a very big budget and a military that is buying more and more sophisticated equipment and arsenal. Alternatives had to be found. So for energy, independence is a must have for Morocco, dictated by a geo-political environment that is not stable and very volatile. |
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Their GDP per capita is around #100 in the world. It ranks below Jamaica, Serbia, Fiji, Namibia, Angola, Iraq, etc.
Their total GDP, pre oil drop, ranked them around #50 in the world, but they're #34 in population.
Before the oil drop they were a lower middle nation in terms of wealth, nowhere near rich.