Morocco’s Emergence as a Gateway to Business in Africa BYJ.PETERPHAMANDRICARDORENÉLARÉMONT Atlantic Council AFRICA CENTER Africa is home to seven of the world’s ten fastest- growing economies.1 By 2050, the continent’s population is expected to overtake...
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Morocco’s Emergence as a Gateway to Business in Africa BYJ.PETERPHAMANDRICARDORENÉLARÉMONT Atlantic Council AFRICA CENTER Africa is home to seven of the world’s ten fastest- growing economies.1 By 2050, the continent’s population is expected to overtake India’s and China’s, doubling to two billion people. Moreover, those two billion Africans will be younger than their counterparts in every other region of the world and will account for one in four workers globally by mid- century. Africa’s rich endowment of natural resources, including about 30 percent of the world’s known reserves of minerals and 60 percent of the planet’s uncultivated arable land, is already well-known to investors. But corruption, burdensome and ambiguous regulations, underdeveloped human resources, poor infrastructure, and insecurity continue to pose significant challenges to businesses looking for opportunities on the continent. Morocco provides a potential solution. A bastion of stability on the doorstep of an of
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