A Deeper Look at North Africa’s Economic Growth – David S. Bloom

David S. Bloom, MATIC May 29, 2014 Judging North African economies solely by their GDP growth can be a messy proposition.  Libya draws upwards of 70% of its GDP from resource extraction – mostly from oil – which is sensitive to global price fluctuations. It is also sensitive to local militias deciding to cut off production. Even a more diverse economy like Morocco, which has no hydrocarbons to buttress its ...