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This paper reviews and analyzes how Morocco overcame the economic and financial crisis it confronted at the beginning of the 1980s. It highlights the challenges that still confront the Moroccan economy and the lessons that can be drawn from Morocco's adjustment experience.

Economic stabilization --- Industrial policy --- Morocco --- Economic policy. --- Business --- Industries --- Industry and state --- Economic policy --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Government policy --- Exports and Imports --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Taxation --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: General --- Trade: General --- Nonprofit Organizations and Public Enterprise: General --- Public finance & taxation --- Monetary economics --- International economics --- Currency --- Foreign exchange --- Public ownership --- nationalization --- Expenditure --- Revenue administration --- Public enterprises --- Credit --- Exports --- Economic sectors --- Money --- Income and capital gains taxes --- Taxes --- Expenditures, Public --- Income tax --- Revenue --- Government business enterprises --- Nationalization