Abstract
This article examines the theoretical underpinnings and macroeconomic implications of liberalizing external transactions, specifically focusing on the opening of the capital account and the goods and services account. The author, Mohamed El Qorchi, does not take a position for or against liberalization, but rather seeks to draw theoretical lessons and highlight the consequences of implementing such a process. The analysis addresses how economic theory approaches the interactions between macroeconomic variables following liberalization, emphasizing the need to resolve internal distortions in goods and capital markets before pursuing external opening. The study underscores the importance of reducing inflationary financing and establishing sound public management as prerequisites for successful liberalization.
Recommended Citation
El Qorchi, Mohamed
(1989)
"The Issue of Opening the Capital Account and the Goods and Services Account in the Process of Liberalizing External Transactions,"
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management): Vol. 8:
Iss.
2, Article 6.
https://doi.org/10.66499/2665-7112.1686
Available at:
https://scholarhub.univh2c.ma/remadeg/vol8/iss2/6
DOI
10.66499/2665-7112.1686