Globalization and Implementation Plan Research Paper

Globalization and Implementation Plan - Research Paper Example But according to the World Banks 2009 report, there is an excessive bureaucratic red tape in Morocco and it stands as a constraint for the economy becoming competitive and investors are found reluctant to take the risk. For this purpose that is to provide facilitation for foreign investment, the government has worked upon creating a number of Regional Investment Centre that is to minimize and speed up the administrative procedures. There is an uncontrolled system of disposal of wastes in the areas that are basically surrounding the big cities in Morocco and this causes a huge environmental concern. One of the basic elements is the rapid growth in urbanization. The awareness level of the people related to this concern can be found to be at a very limited level. In a country like Morocco which is at a developing state one can get advantage of cheap labour and there is a strong need for the service of waste recycling. Morocco is one of the most famous Arab countries with a population of about 31,627,428 and almost 56% is urbanized. The country has a main resource of Phosphates and its other markets include arts and crafts, tourism and leather goods. The county is facing some environmental issues which include the degradation of land, water contamination and many more and is taking steps for environmental modification. To cater this problem a number of foreign agreements are taking place in Morocco and a number of friendly environmental law provide a favourable climate to conduct business in Morocco. The government also allows Foreign Direct Investment in all main sectors. The phosphates and other sewage is being dumped into landfills and the country has no system of waste recycling for this working upon a waste recycling system with low cost machinery and getting the labour from Morocco as the countries main concern these days is the rise in unemployment level and this provides a win-win situatio n to both