Since I was a teenager, I have always been pre-occupied with the challenge: “How to make Morocco an Economic Super Power in less than sixty years”.
Later, I nailed down that challenge to “How to make Morocco an Economic Super Power in less than 10 years” without passing 1 Billion Dirham in spending, in the 10 years.
If the goal seems unreasonable, obscene, and insane. Recursively, the solutions should be unreasonable, obscene, and insane. But backed with strong economics and mathematics.
The principles I'm about to cover are mostly inspired from Laws of Thermodynamics, Cellular Automata, Anti-fragility, and particle physics.
1. Financial Fertilization
To increase the value of our currency (MAD). We should decrease dependency of our country, Morocco, on other economies, and at the same time making it indispensable for them.
We should encourage the use of local currencies by the city or community, to, and decentralize the wealth for more financial agility.
One of the obstacles faced by local currencies is tampering and fraud. This can be avoided by relying on crypto currencies.
At the same time, lending and borrowing money should be fast, debt free, and meritocratic. If new organizations like credit unions emerge, we can have meritocratic lending, i.e. “the more you lend money, the more you give back money, the more you can borrow larger sums of money”.
The emergence of “banque participatif” (Moroccan equivalent of credit unions) should not be taken lightly, but should be a national priority.
2. Regulation in favor of the sharing economy
Stagnation of wealth is what creates an economical shortage and financial sterility. When wealth moves around from an actor to another, we have economical fertility. The more the cycle of dependency and availability is short (relying less on external suppliers), the more goods get cheaper.
Sharing economy will enable us to mine a wealth that is unused in Morocco, and create new opportunities and at the same time decrease external dependencies.
Without going through the why the sharing economy is a huge opportunity for a developing country like Morocco, Lisa Gansky explains it in more details.
To adopt it properly, we should have a regulation framework that paves the road to it. Such as:
- Do not tax transactions of lending and sharing existing physical objects.
- Cut down the taxes for sharing housing.
- Having insurance possible for ride-sharing and an official approval of “certified Driver”.
- Making it easy for people to start their own transport franchise.
- Dispute and conflict resolution should resolved quickly by courts.
- Imposing on Telecom companies to open phone number APIs for the public.
- Having a regulations in favor of the use of local currencies and credit unions.
3. Lean Procedures and Lean budget allocation
To be able to achieve the things mentioned above, there should be a fast and lean, fail-safe, and fail-fast, procedure system to test new regulations.
Instead of allocating huge government budgets with colossal debt in a mirage future, government should make “appel d’offre” with small budgets (between 100,000dh and 300,000dh) to solve critical country problems at small scale with minimum resources.
Fail safe, iterate over it, then scale what works.
Organizations like Enactus can apply for those grants to test and solve problems. They are already doing it good, it's not joke why we got the second position at the Enactus Social Business World Cup.
This can be achieved by making “trial and error” of regulations possible in a city or a commune. Preferably, in a place where innovation is flourishing.
4. Massively adopting permaculture.
Permaculture is a system of sciences that makes bio and healthy agriculture available for the masses, at a cheap cost, long term yield, highly sustainable, and can grow fruits in arid lands.
Cuba already has successful permaculture initiatives.
This is not just a copy paste of the Cuban model, but agriculture in our country is already our Trump Card.
5. Tourism is cancer for the economy
Having a strong economy relies on mastering the “dependency game: who is dependent on who?”.
A weak economy is dependent of services/products of other countries to sustain itself, if Morocco wants to be stronger than other countries, they should depend on Morocco to sustain themselves.
Tourism is the worst of scenarios, we depend on citizens of other countries to come consume local product/services, and create an ephemeral demand, at the same time mobilizing huge investments and shifting the focus of essential government activities that could be useful elsewhere.
Alas, it creates a lot of greed and corruption at all the levels of the industry, because by nature it relies on ephemeral revenues, the greed is a result of “winning the best” of the ephemerity.
Those activities and investments could be directed elsewhere for long-term sustainable advantages.
Tourism is a fake mirage Morocco should avoid having it as a national priority, and should just happen organically.
6. Science Offshoring
Even if the current offshoring strategy is yielding some shy results. Morocco is still in the mentality of “we are the cheap workforce of the world”. This will lead us nowhere, but to being more dependent on other economies.
Nemotek, the latest CDG investment was a FUD, because progress is not about copying existing models,
if you want to promote innovation in technology, you should be innovative and daring with your initiatives.
Recently a technology is being developed named Graphene.
Awarded a Nobel; prize in 2004. Graphene is the new Diamond. Its 300 stronger than style, stronger than diamond, lighter than steel, more conductive than copper, filters water at a Molecular level, is flexible, and transparent. Produced out of Graphite, one of the cheapest materials on earth.
Could be used to produce lighter, cheaper, faster, safer airplanes and cars. Chinese are already making flexible electronics with it. Flexible high capacity batteries are possible with it.
Morocco should have offshore and facilitations to make big labs establish themselves here, and encourage research and laboratory facilities in exiting universities or pressure corporations to sponsor Graphene research and offer scholarships for Graphene researchers.
FYI, An open course ware on graphene is taking place online by March 2015 by Edx.
This was an overview, when I have more time I would go over details of each one. I would love to get your feedback and suggestions over email. If you want to get the details over which one, email me or subscribe through my twitter or Medium account, I would make them available.
Later, إن شاء الله (inshallah), I’ll go in detail on each one in a separated article, with vigor.
Cover Image: Fred