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Libya

Source :http://www.eoearth.org/article/Libya

Natural Resources: petroleum, natural gas, gypsum.
Industries: petroleum, iron and steel, food processing, textiles, handicrafts, cement
 
Libya is a nation in northern-Africa, bordering the Mediterranean Sea, between Egypt to the east and Tunisia and Algeria to the west. More than 90% of the country is desert or semi-desert with barren, flat to undulating plains, plateaus, depressions (including the large Qattara Depression). This northern and eastern part of the Sahara Desert is known as the Libyan Desert. Libya is a significant source of oil for the world
 
Economy
 
The Libyan economy depends primarily upon revenues from the oil sector, which contribute about 95% of export earnings, about one-quarter of GDP, and 60% of public sector wages. Substantial revenues from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society. Libyan officials in the past five years have made progress on economic reforms as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in September 2003 and as Libya announced in December 2003 that it would abandon programs to build weapons of mass destruction. Almost all US unilateral sanctions against Libya were removed in April 2004, helping Libya attract more foreign direct investment, mostly in the energy sector. Libyan oil and gas licensing rounds continue to draw high international interest; the National Oil Company set a goal of nearly doubling oil production to 3 million bbl/day by 2015. Libya faces a long road ahead in liberalizing the socialist-oriented economy, but initial steps - including applying for WTO membership, reducing some subsidies, and announcing plans for privatization - are laying the groundwork for a transition to a more market-based economy. The non-oil manufacturing and construction sectors, which account for more than 20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel, and aluminum. Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 75% of its food. Libya's primary agricultural water source remains the Great Manmade River Project, but significant resources are being invested in desalinization research to meet growing water demands.
 

Morocco

Resource: http://www.eoearth.org/article/Morocco

Natural Resources: phosphates, iron ore, manganese, lead, zinc, fish, salt.
Industries: phosphate rock mining and processing, food processing, leather goods, textiles, construction, tourism
 
Morocco is a nation in northern-Africa, bordering the North Atlantic Ocean and the Mediterranean Sea, between Algeria and Western Sahara. It has a strategic location along Strait of Gibraltar, the narrow gateway between the Mediterranean Sea and the Atlantic Ocean opposite Spain. Morocco's northern coast and interior are mountainous (Rif Mountains and Atlas mountains) with large areas of bordering plateaus, intermontane valleys, and rich coastal plains. The south and east of the country is dominated by the Sahara Desert. There are four enclaves on its Mediterranean coast which are administered by Spain, which Morocco contests.It also claims and administers Western Sahara whose sovereignty remains unresolved.
 
Economy
 
Moroccan economic policies brought macroeconomic stability to the country in the early 1990s but have not spurred growth sufficient to reduce unemployment - nearing 20% in urban areas - despite the Moroccan Government's ongoing efforts to diversify the economy. Morocco's GDP growth rate slowed to 2.1% in 2007 as a result of a draught that severely reduced agricultural output and necessitated wheat imports at rising world prices. Continued dependence on foreign energy and Morocco's inability to develop small and medium size enterprises also contributed to the slowdown. Moroccan authorities understand that reducing poverty and providing jobs are key to domestic security and development. In 2005, Morocco launched the National Initiative for Human Development (INDH), a $2 billion social development plan to address poverty and unemployment and to improve the living conditions of the country's urban slums. Moroccan authorities are implementing reform efforts to open the economy to international investors. Despite structural adjustment programs supported by the IMF, the World Bank, and the Paris Club, the dirham is only fully convertible for current account transactions. In 2000, Morocco entered an Association Agreement with the EU and, in 2006, entered a Free Trade Agreement (FTA) with the US. Long-term challenges include improving education and job prospects for Morocco's youth, and closing the income gap between the rich and the poor, which the government hopes to achieve by increasing tourist arrivals and boosting competitiveness in textiles

 




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