Morocco and Algeria are developing countries in Africa with unique economies and financials. The paper below will compare and contrast the economic situation in both countries. In an overview of Algeria's economy, the primary challenges that Algeria faces are the instability of oil prices and insecurity issues regarding politics and the society. Despite the draft budget for the year 2016, the country will not be able to overcome the decreasing oil prices and GDP level since the focus of the country is on maintaining social stability. The GDP of Algeria dropped from 4.3% in 2014 to 2.8% in 2015. The inflation rate in the country has no prospect of decreasing, and it is seen to increase from 2.9% in 2014 to 5.5% in 2015. There is also a current account deficit that has increased from -4.5% to -15.8% and constant increase in the unemployment rate (Ayadi, Arbak and Naceur 220). Algeria has a lot of potentials to boost its economy by tapping into the foreign exchange and investment in is oil and gas reserves. Another strategy to promote development is by increasing development and eliminating the high housing shortage in the country. The privatization procedure in Algeria began as early as 1986, where it strived to aggravate economic growth through marginalization of the private sector (Kandogan 651). As such, the capital formation increased from 26.4% to 46.8% between the years of 1974-1977. .
Privatization is a continuous process; however, the public corporations are hurting especially due to the decreasing oil prices (Mohammed Vol 4). In 2005, Algeria signed a trading pact with the European Union, which is currently the country's biggest trading partner. The country mainly trades in chemicals, energy, machinery, and transport equipment but yet again, the decreasing oil prices affect the trade by reducing it by 3.5%. The trade relations with the European Union promote the establishment of political and social ties.
And a good example of this is Algeria. ... This was especially true for Algeria. ... What he means by this is that an Algerian before the resistance is not the same Algerian any more. ... They had plans that one day Algeria will be part of France. ... Here France noticed that this would not be a good start, and that if Algeria follows Indochina's foot steps then they would loose Algeria too. ...
The French wanted to "pacify" Algeria of the Muslim Algerians fighting for reform. ... They immediately took action in migrating Europeans into Algeria, and this meant moving Algerians from their homes when necessary. ... The French government's actions towards the Algerians caused even more tension between Algeria and France, which led to later fighting and a reason for Algerians to want independence. ... The Young Algerians did not use violence. ... During the Algerian War, from 1954 to 1962, both the French and Algerians used violent means to fight. ...
Algeria was one of the countries under French rule. France and Algeria have had the .... In 1830, France took over Algeria. ... Soon after colonizing it, France began to establish its policies in Algeria. ... The one million French settlers living in relative affluence among eight million poorer Algerians underlay the French determination that Algeria was [in fact] not a colony but an integral part of France itself. ...
There are a total of 48 provinces located in the country of Algeria. ... Erdman is the U.S. ambassador to Algeria, and Chief of Mission Idriss Jazairy is a Algerian ambassador to the U.S. ... There are a total of 15 political parties in Algeria. ... There are currently eighteen major universities in Algeria. ... The Evian accords provided for permanent economic, financial, technical, and culture relations with temporary administrative arrangements until a referendum on self-determination was held. ...
The Algerian War for Independence became a catalyst for change. ... Despite the involvement of women in the war for independence in Algeria, Algerian women still did not gain full equality. For many years, even before the war, Maliki Islamic laws, influenced the culture of Algeria. ... According to Moghadam (1993:95), about 10,000 women joined the Algerian revolution. ... The French were in a sense trying to bribe the Algerian women with power and "freedom....
In 1830, France conquered Algeria and remained in power until 1962. ... The Pied Noire was sent to Algeria to change the demographics of the land and they came to think of Algeria as their own country. ... It wasn't until 1954 that Algerian resistance began to threaten the French. Algerians won their battle and gained independence in 1962, but lost a million Algerians in the war. ... While both the Palestinians and the Algerians resisted their oppressors, sadly only the Algerians have triumphed and gained back their independence. ...
This paper explains and displays the behavior of consumers and producers who are not necessarily financial maximizers in different situations, as well as why people make decisions irrationally. ... Facts such as these make you think about how different it is than the standard model of the human —classical economics and neoclassical economics that have been used for decades. ... (Lambert, 2006) Behavioral Economics Research Borrowing aspects of both psychology and economics, the current belief of behavioral economics is that emotional biases often avert people from making rational deci...
"The goal of financial management is to take actions which maximize the value of a firm's stock. Those actions will eventually appear in the firm's financial statement, so a general understanding of financial statements is very important for the manager." Given the recent failure of many financial institutions, do you believe business leaders really understand and use all of the concepts and principles we teach in accounting, finance, and economics? ... No, I don't think that most non accounting managers understand and use many much less all of the concepts and principles...
We are first witness to her prejudice when she is made aware of Morrocco's arrival: "If he have the condition of a saint and the complexion of a devil I would rather he shrive me than wive me." ... Jessica and Lorenzo's elopement and Morrocco's speech that Shakespeare refuses to follow the "norm" of the time by sharing all of the common prejudices that infected the Elizabethan era; in fact it seems Shakespeare is trying to enlighten the Elizabethan people, and teach them to change their ways and forget their differences. ... Morrocco's speech is a plea for equality: "Mis...
