Economic diversification as a sustainable development option: The Moroccan tourism sector as a model

Abstract

The Study aimed to highlight the importance of economic diversification in achieving sustainable development as an option and development strategy that will expand the production base and activate reliance on the single resource and reduce the proportion of economic risks, the sample of the study was in the Moroccan tourism sector. By analyzing and interpreting its various indicators and components as it represents the most prominent components of service exports with a significant impact on the balance of payments and one of the most important sources of income in the Moroccan economy that contributes to increasing foreign exchange earnings. One of the most important findings was that economic diversification contributes effectively it sustainable development and that the Moroccan tourism sector, although it has analyzed impressive results in it for sustainable tourism development, still suffers from some problems that require concerted efforts and action measures needed to reflect the diversification strategy.