Economy in Morocco

        In order to talk about the economy in Morocco, we must check different points. To see if an economy is either good or bad we take into consideration four major things that are the rate of unemployment, the rate of inflation, the rate of growth and the external balance of trade balance. This process is called the magic square of Kaldor.  It is called Kaldor in reference to the builder of this theory, the economist Nicholas Kaldor. To say that the health of an economy in a country is good we must have a rate of growth at least greater than 0, a financial surplus concerning the external trade balance, a small rate of unemployment , and a rate of inflation between 0 and 2.5%. The major force of Morocco in economy is Phosphates; Morocco is ranked first in the world regarding Phosphates production.

(Economywatch.com 30/03/2010).

       According to oxford dictionary of economics, unemployment is the inability to obtain a job when one is willing and able to work. In Morocco, the rate of unemployment in 2011 is about 9, 1%.There is a phenomenon in Morocco that explains this big rate. In fact, Directors of companies prefer hire people from their family rather than young graduates that have better competences. According to the same dictionary, Inflation means a persistent tendency for prices and money wages to increase. In Morocco the rate of inflation is about 2.5%.The rate of growth is an economic indicator that measures the growth of a country between two years. The rate of growth in Morocco in 2011 is about 5%.The rate of inflation and growth show that Morocco is developing economically. Morocco gives a lot of importance to growth as Mr Mezouar, the minister of economy in Morocco said in a conference:’ our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth’. (Africagoodnews.com 22/10/2010). Trade balance is the external exchange of a country with other countries. In Morocco, it is a chronic problem since Morocco exports only products with low value added. In 2011, the deficit is more than 16, 8 Billion MAD.

Sources: statistics From: l’opinion.ma (04/02/2011), tradingeconomics.com

Olympique Marseille

       Olympique Marseille is a French soccer club that has been founded in 1899 by René Dufaure De Montmiral. The club has in his possession nine championships, two league cups, two champions trophy and ten national cups. It is the most popular soccer club in France because in 1993, Olympique Marseille has won the European Champions’ league .It is the only French club that has won this prestigious competition so far. The team plays in Velodrome Stadium, and it is considered a as an historical monument in France. The majority of Marseille’s citizens are Olympique Marseille fans; the club is almost a religion for them.A lot of big players have played for the club such as Franck Ribéry, Samir Nasri,Didier Drogba ,Mamadou Niang.

    The figure that has marked the club is Bernard Tapie because he was the president of the club during the gold period in 1993.he was able to build a strong team with the best players of the moment such as Ruddi voller , Didier Deschamps or Basile Boli. Olympique Marseille of 1993 was like FC Barcelona in 2011 according to some specialists. Unfortunately, Mr Tapie used non legal ways to achieve his goals. He was accused of corruption, and spent ten months in jail. Because of its implication in politic, Bernard Tapie is also a figure that is important for all the French people.When Bernard Tapie talked to the media, it was like if he were an international singer. (Economist,5/12/2001)

    Currently, Olympique Marseille lives a paradoxical situation. The club is ranked 13th in the French league, and first in his European champions’ league group composed by Arsenal, Olympiacos and Borussia Dordtmund. After the victory against Borussia Dortmund , Didier Dechamps, the current O.M. coach admitted  for Goal.com,the 28^th of September that “We are happy tonight because we beat a good team. We had some luck both in attack and defense. We had that luck on our side tonight that has not been the case so far this season. The team has players coming from different countries such as Argentina, Ghana, or Cameroon. The club owner is Margarita Louis Dreyfus, rich Russian women that has inherited the club from his dead husband.

                                    Sources:Goal.com( 28 September 2012,Salvador Landolina)

                                                                                       Economist(5/12/2001)                           

                                                                                lephocéen.fr(September ,October 2011)