Research Library

Morocco's monarchy preserves its power by maintaining a balance among the country’s 33 political parties, preventing the emergence of a strong party, and further dividing an already fragmented political elite. The author examines how the Justice and Development Party (PJD) has survived and grown under such constraints.

While academic and popular debates tend to focus on differential benefits and costs of trade across countries or industries, this brief highlights winners and losers at the level of individual firms. The authors demonstrate that preferential liberalization produces concentrated benefits among a relatively small number of very large and productive firms.