Essay on development of science in world

Finally, modernization of the economy was an important thing to do by Morocco to have a better preparation to a better development. Morocco invested $ billion planning a 5 years project. The growth rate was supposed to reach % due to this amount invested; however, in 1964, the rate was only 3% and not sufficient for a good economic development. The second plan included the development of two important sectors that are agricultural and modernization sector. At the end of 1972, both agriculture and irrigation had to increase. The 1978–80 plans was one of stabilization and retrenchment, designed to improve Morocco's balance-off payments position, but the 4% annual growth rate achieved was disappointing.

Moreover, most of the poor countries rely on selling agricultural products and raw materials to rich nations and buying industrialized products from them in a huge financial deficit. Consequently, they borrow a significant amount of money from the World Bank to try to improve their broken economies, but sometimes the money disappears with no significant changes and they cannot even pay the interest to the bank. Regarding this issue, last year the G8, which is comprised of leaders of the eight richest nations, decided to forgive billions of dollars worth of debt owed by the world’s poorest nations. In addition, they developed adequate loan programs to financially assist those countries.

Essay on development of science in world

essay on development of science in world

Media:

essay on development of science in worldessay on development of science in worldessay on development of science in worldessay on development of science in world