Over the last three decades, Morocco has had a remarkable journey to economic stability and development.

Still, Morocco’s quest for strong, resilient, and inclusive growth is far from complete. After accelerating in the first decade of the new millennium, income con­vergence with advanced economies has slowed over the last 15 years. And the benefits of economic development remain elusive for a significant part of Morocco’s population, particularly young people and women, given their high unemployment rate and the presence of a still-large informal sector.

This book provides a broad overview of both Morocco’s economic progress in the past few decades and its economic modernization agenda going forward.

To a certain extent, Morocco’s story is a useful example for many devel­oping economies still in search of building the foundations of macroeconomic stability. The series of reforms that the country has begun to implement provides equally interesting ideas for all countries engaged in the quest for stron­ger and more inclusive growth.