Moroccanization (, ) was a
Moroccan domestic economic policy enacted by King
Hassan II Hassan, Hasan, Hassane, Haasana, Hassaan, Asan, Hassun, Hasun, Hassen, Hasson or Hasani may refer to:
People
*Hassan (given name), Arabic given name and a list of people with that given name
*Hassan (surname), Arabic, Jewish, Irish, and Scottis ...
on March 3, 1973, in which major segments of the private sector were transferred to Moroccan ownership.
'
{{History of Morocco
The policy had the effect of "transferring to political loyalists and high-ranking military officers state-held assets, agricultural lands, and enterprises that were more than 50 percent foreign owned."
Overnight, the portion of industrial enterprises in Morocco that were owned by Moroccans increased from 18% to 55%.
In the following period, from 1973 to 1977, the Moroccan economy
grew at a rate of 7.3% annually, financed mainly with foreign loans.
References
History of Morocco
Economic history of Morocco
Economic policy in Africa