International Business Management Essay Example | Topics and Well Written Essays - 750 words

International Business Management - Essay Example Manufacturing sectors are major contributors of the national GDP in a number of ways. For instance manufacturing companies, use the national resources as inputs to formulate the outputs which can be either exported or used locally depending on the need. The huge unemployment rate in Morocco makes this industry an ideal sector to analyze since it involves a large workforce (Verme et al 2014). Also the manufacturing sector contains a huge degree of clarity on its role in contributing to the GDP of the country. Comparing the GDP of Morocco with other nations in the region, it will be apparent that the Moroccan GDP exhibits a growth of approximately 5 % annually (Verme et al 2014). This is a sign that the country holds potential resources to ensure success. Over the past 3 years the country has enjoyed political stability and continuous production without disruptions. This has seen the rise in its GDP continuously. The Moroccan government is putting in a lot of effort to protect its resources and ensure stability, through which it will give its citizens a foundation to work without engaging on other non-productive activities. As compared to other low economies the Moroccan economy is enjoying international recognition. Apart from the GDP, Morocco exhibits a high GNI in a given financial year (Verme et al 2014). The difference between the GDP and GNI is that while the GDP encompasses the income which the country generates locally, the GNI involves the income which is generated both locally and overseas this means that GDP is the best yardstick to measure performance of a given nation since it entirely points out those factors of production within a country’s disposal. Inflation over time has been a major problem in industries; inflation is responsible for cutting down of profits because of the frequent changes in the market. The inflation is usually used as an indicator of macroeconomic