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Russian-Moroccan Investment Cooperation as a Factor of Increasing the Russian Presence in the Economic Sector of the African Continent

Abstract

The presented study explores the opportunities for Russiato engage in successful economic activities in Africa by enhancing investment cooperation with Morocco, considering the Kingdom’s experience and standing on the continent.
Aim. The study aims to identify the major perspective directions of economic cooperation between Russia, Morocco, and Africa with allowance for the Kingdom’s experience in trade cooperation.
Tasks. The authors determine the sequence of actions for the Kingdom of Morocco in its economic relations with African countries and identify potential directions for the trilateral cooperation between Russia, Morocco, and Africa.
Methods. This study uses general scientific methods of cognition to examine Morocco’s foreign economic policy with regard to African countries in order to identify the characteristic trends and opportunities for using them with the involvement of the Russian Federation.
Results. The Kingdom of Morocco pursues a broad foreign economic policy with regard to African countries, investing heavily in this continent, particularly in the sub-Saharan region. At the same time, a smart foreign policy based on the South-South doctrine makes Morocco appear as the “big brother” in the eyes of African countries, often helping to create favorable conditions for economic activity on the continent. The Russian Federation has an economic interest in organizing activities in Africa with the help of an experienced, successful, and important partner that would
prevent serious losses at the initial stage. Morocco could become such a partner for Russia.
Conclusions. Given the current international political and economic conditions and the growing need to diversify production, there is a huge potential for mutually beneficial cooperation betweenRussia andMorocco. Its practical implementation inAfrica would be mutually rewarding.

About the Authors

Artem V. Kaloev
St. Petersburg State University
Russian Federation
Universitetskaya Emb. 7–9, St. Petersburg, 199034


Leyla E. g. Mamedova
St. Petersburg State Marine Technical University
Russian Federation
Lotsmanskaya St. 3, St. Petersburg, 190121


References

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Review

For citations:


Kaloev A.V., Mamedova L.E. Russian-Moroccan Investment Cooperation as a Factor of Increasing the Russian Presence in the Economic Sector of the African Continent. Economics and Management. 2019;(3):62-66. (In Russ.)

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ISSN 1998-1627 (Print)