Question

2) Pick a country from the following list.

Egypt, Morocco, Qatar, and United Arab Emirates.

a. (40 pts) Evaluate its unemployment situation/policies with a historical perspective and compare it with the unemployment situation/policies of Turkey.

b. (40 pts) Evaluate its inflation and monetary policy with a historical perspective and compare it with the inflation and monetary policy of Turkey

Answer 1

here i have chosen Morocco for comparison with Turkey

Maroco is an African country where morocco is a middle east country. Morocco and turkey both are from a free market. their major contributors are agriculture, textile, tourism, transportation\, etc. Morroco is famous for its investment in ports whereas Turkey is specialized for it traditional textile. in the 1980s Morocco was a heavily debated country till 1999. the major issues which are still focused from historical age to today's age is unemployment. Morocco's unemployment rate is highly fluctuating. it was 9.7 in 2016, 10.2 in 2017, and 9.03 in2019. it has taken almost subsidies and replaces where it is possible to renewable energy. so the unemployment portion needs to pay more attention. in the case of Turkey, it is a 25% agriculture base country so a huge portion of labor engaged in the agricultural and transportation sector. it is also famous for its traditional textile. then also itis facing a high unemployment rate due to lack of proper government policies in 2016 the unemployment rate was 10.9 2017 also the same and now in 2019, it is 11.99 almost 1% increase in the unemployment rate.

2) comparing the inflation and monetary policy of both the country Morocco had faced a high inflation rate before 1999. After Mohammad VI's intervention, the country's economic condition got changed .the government had taken serious policy measures and advance status agreement with the EU made the economy self capable and there is almost nill subsidies. if we discuss the inflation, it is almost attained the lowest rate 0.6% current rate positioning 42 in the world level. while comparing inflation and monetary policy turkey has just the opposite scenario with Marroco. it is tremendously increasing presently it is 15.68 in 2019 with a comparison with 7.78 almost it doubled. the country's position is 204 in the world level.  comparing their monetary policies,s Morocco has shown a greater change after 1999. which made the economy with some good tie-up with EU and some major policy changes made it's economy stronger. turkey is well known for its monetary policies after the 2001 financial crisis, the reform chose a stronger policy to make its different secor contributor stronger. Turkey's well-regulated financial markets and banking system helped the country weather the global financial crisis, and GDP growth rebounded to around 9% in 2010 and 2011, as exports and investment recovered following the crisis.