Informal Economy in Morocco: Wealth-Creating Liberalism and a Social Pillar
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The World Bank’s regional report, published in April 2025, presents the informal economy in Morocco as a major obstacle to economic development, highlighting that 83% of businesses operate outside the legal framework. According to this institution, this situation limits growth, productivity, and the formalization of the private sector.
This viewpoint, which likely conflates informal economic activity with economic fraud, while supported by data on sluggish growth and structural challenges, deserves a more nuanced critique. It should shed light on the positive and dynamic aspects of the informal economy—as an expression of wealth-creating liberalism, a social safety valve, a job creator, and a factor of political stability.
The narrative advanced by the World Bank on this matter should be approached with caution.
Recognizing the economic significance of the informal sector would allow for a more intelligent reassessment of growth metrics, making them more realistic and grounded. For example, Morocco’s growth rate would likely be much higher than officially reported.
Contrary to the portrayal of the informal economy as a burden, it plays a crucial role in job creation and income generation, especially for a large segment of the population. Estimates suggest the informal sector accounts for between 60% and 70% of total employment in Morocco and contributes 40% to 60% of GDP, with a strong concentration in micro-services and micro-commerce, which make up 91% of informal jobs. This dynamic reflects a form of spontaneous economic liberalism, where individual actors—often sole artisans or small traders—engage in entrepreneurial activities without waiting for state intervention or regulation.
Thus, the informal economy is a concrete manifestation of economic liberalism in the Adam Smithian sense, where the “invisible hand” organizes exchanges and harmonizes individual and collective interests, thereby contributing to overall wealth. It enables millions of Moroccans to survive, escape unemployment, and participate in economic life, representing a grassroots wealth-creating liberalism rather than a flaw.
The informal economy also functions as an essential social safety valve. In the absence of strong social protections such as unemployment insurance or social welfare—which are only beginning to be implemented—it provides a safety net for vulnerable populations, particularly in rural and poor urban areas. This social function contributes to political stability by preventing frustrations linked to unemployment and poverty from escalating into major social tensions.
Has the Economic, Social and Environmental Council (CESE) not emphasized that the informal sector supplies goods and services tailored to the purchasing power of modest-income classes, thereby avoiding deeper economic exclusion? This social regulation through informality is a factor of cohesion and resilience in the face of economic crises—a fact made evident during the COVID-19 pandemic.
The informal economy also offers a flexibility that the formal sector cannot always guarantee. Formal enterprises sourcing from informal suppliers benefit from lower production costs, greater flexibility in volumes and deadlines, and can thus improve their competitiveness, including in export markets. This interplay between formal and informal sectors creates an economic ecosystem where economic liberalism fully expresses itself through freedom of initiative and the pursuit of efficiency.
The dominant criticism linking informality to low productivity and unfair competition overlooks that the informal sector often reflects a pragmatic, intelligent, and innovative adaptation to heavy institutional and regulatory constraints. This is human ingenuity driven by survival instincts.
Simplifying procedures, reducing tax burdens, and improving the institutional environment can encourage formalization, but it must also be acknowledged that informality is a creative and liberal response to existing obstacles.
Morocco’s informal economy should not be viewed as a developmental hindrance but as a living expression of wealth-creating economic liberalism, a job engine, and an essential social safety valve. It contributes to political stability by offering economic opportunities to marginalized populations and fostering social cohesion. Confronting this economy with restrictive measures—while it creates wealth—instead of adopting flexible policies that adapt to real needs and constraints, risks stifling initiative and fueling social unrest. Rather than seeking to eliminate it, public policies would benefit from recognizing its role and supporting its gradual integration into the formal fiscal economy, while preserving its capacity for innovation and adaptation. In doing so, the informal sector could become a true lever for inclusive and sustainable development in Morocco.
The World Bank and others—whether government officials or representatives of the so-called formal economy—are largely mistaken in condemning this creative economic sector without appreciating its real contributions to the population. The Moroccan government, and likely those of similarly situated countries, should disregard ill-informed or detached opinions. Instead, they should support this economy with accompaniment and tolerance, guided by a vision of progressive inclusion and integration into the formal economic fabric.
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Informal Economy in Morocco: Wealth-Creating Liberalism and a Social Pillar
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Between Deals and Geopolitics: Trump Snubs Israel and Bets on the Gulf Monarchies
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On May 13, 2025, Donald Trump began the first major international tour of his second term. Instead of stopping in Jerusalem, a symbol of the strong alliance between the United States and Israel, the president chose to visit only the three Gulf countries: Saudi Arabia, Qatar, and the United Arab Emirates. Israel, a neighboring and long-standing partner, was not included. This decision represents a significant change in American diplomacy and could reshape regional dynamics. It raises the question: is this simply an economic strategy or a deeper geopolitical shift?
In Riyadh, the focus was clearly on business.
Saudi Arabia announced an unprecedented investment of $600 billion in the American economy, with plans to increase it to $1 trillion over four years. The sectors involved include defense, energy, technology, infrastructure, and especially weaponry, which may cause discomfort for Israel. The U.S. military orders amount to $142 billion, reflecting the priority to secure America’s economic future through strong partnerships with the Gulf monarchies, which aim to be seen as more than just oil producers. Saudi Arabia is a major global economic player and even influenced the lifting of U.S. sanctions on Syria.
In Doha, Qatar signed historic agreements worth nearly $1.2 trillion, including the sale of Boeing planes and GE Aerospace engines to Qatar Airways. Qatar also gifted Trump a plane valued at nearly half a billion dollars.
The United Arab Emirates committed to investing $1.4 trillion over ten years in the American economy, focusing on artificial intelligence and digital infrastructure.
At each stop, investment forums brought together leading figures from Silicon Valley and Wall Street, demonstrating the intention to strengthen economic ties with the Gulf. Trump presented tangible results, reinforcing his image as a dealmaker and promising long-term prosperity for the United States.
He secured jobs and prosperity by renegotiating tariffs and ensuring that capital would first benefit the U.S. economy.
But why was Israel excluded from this tour? The regional situation offers some explanation: the war in Gaza continues, the humanitarian crisis worsens, and talks between Saudi Arabia and Israel are stalled. A visit to Jerusalem could have been seen as provocative and might have endangered the important economic agreements.
Additionally, Trump’s proposal to transform Gaza into a "Riviera of the Middle East" was not well received by Arab-Muslim countries. The focus remained on regional stability and economic cooperation, avoiding symbolic issues. Trump’s approach is cautious and pragmatic, consistent with his "America First" policy.
This decision does not reflect a punishment of Netanyahu, despite tensions between the two leaders, but signals a shift in the relationship between Washington and Jerusalem. Whereas Israel was a priority in Trump’s first term, the approach is now more nuanced and pragmatic. Israel is costly for the U.S., and Trump seeks financial support for a heavily indebted country. There are many strategic differences with Israel on issues such as Gaza, Iran’s nuclear program, and normalization with Riyadh. However, Trump still faces a firm Netanyahu, whose hardline stance complicates American goals.
Supporting Israel without reservation risks losing economic opportunities with the Gulf monarchies. By focusing on these countries, Trump signals that American diplomacy now prioritizes economic interests and new regional balances, even if it means temporarily distancing from a historic ally. This message also reaches Israeli voters and the international community: automatic loyalties are replaced by realpolitik, where partnerships are judged by their concrete benefits.
This change breaks with decades of American diplomacy, where Israel was always central during presidential visits. The White House now favors tangible outcomes and alliances that benefit the U.S. economy and the president’s international standing. The vice president also strengthens his position for the upcoming election. The Republican Party welcomes this.
In summary, Israel’s absence from the Middle East tour can be explained by the priority given to economic matters, caution in a volatile context, and a desire to redefine strategic balances in favor of the U.S. This decision may redraw alliances in the Middle East, marking an era where American diplomacy is guided by economic returns and regional stability, even if it disrupts traditions and surprises allies.
Israel remains an essential partner but cannot match the scale of opportunities offered by the Gulf. For Trump, the priority is clear: "America First," including in redefining Middle Eastern alliances. If this strategy succeeds economically, it could have lasting effects on regional dynamics and Israel’s role in American diplomacy. Israeli society must acknowledge this new reality, and opposition parties might use this moment to counter extremists dominating politics.
Israel’s future depends on regional peace, which also requires the Palestinian people’s right to live in peace. This will be the next challenge. The Gulf monarchies invest to support the U.S. but also become more demanding on this issue.
The Middle East, birthplace of religions and much of human civilization, long a stage for ideological rivalries, is becoming the ground for a new American realpolitik.
Donald Trump, true to his style, favors deals and results, even if it means breaking conventions. Israel’s exclusion is not an oversight but a sign of strategic repositioning that could reshape the future of the region and the world.
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Between Deals and Geopolitics: Trump Snubs Israel and Bets on the Gulf Monarchies
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Morocco’s Southern Provinces Witness Unprecedented Investment Boom
553
For several years now, Morocco’s Southern Provinces have been experiencing an exceptional surge in investment activity. Numerous countries and major international corporations are drawn to the region’s vast potential, particularly in renewable energy, infrastructure, and industry. This momentum aligns with the Kingdom’s strategic vision to transform these territories into hubs of innovation and sustainable development, while strengthening their economic integration nationally and continentally. Notably, the Atlantic port of Dakhla is designed to open up the Sahel countries, fostering broader regional economic integration.
Contrary to allegations from Algiers, these regions enjoy a climate of peace and security conducive to both living and investing. The exponential development observed stems from an ambitious strategy backed by massive state funding as a driving force, alongside contributions from international partners. Since the launch of the New Development Model for the Southern Provinces by His Majesty the King in 2015, over €8.3 billion has been invested across infrastructure, energy, agriculture, industry, tourism, and social services.
The Southern Provinces have become a major center for renewable energy production, especially wind and solar power. By 2024, installed capacity reached 1.3 GW, representing a cumulative investment of around €2 billion and accounting for 21% of the nation’s clean energy output. Landmark projects such as Noor Laâyoune and Noor Boujdour, each with a 100 MW capacity, exemplify this focus. An additional €2 billion is planned to boost future capacity to 1.6 GW. Innovation is also evident in the emergence of green hydrogen, with pilot projects launched in 2024 across Guelmim-Oued Noun, Laâyoune-Sakia El Hamra, and Dakhla-Oued Eddahab regions.
The provinces boast significant mineral resources, especially phosphates. The Office Chérifien des Phosphates has invested 7.18 billion dirhams in a new fertilizer complex in Laâyoune and 5.26 billion dirhams in a phosphate port. The mining sector plays a crucial role in job creation and economic diversification.
Fishing is another key economic driver, accounting for nearly 39% of local activity. Investment priorities include processing industries, aquaculture development, and seafood product valorization, supported by modern ports and highway networks that facilitate exports.
High-value agriculture adapted to arid conditions benefits from investments in irrigation, desalination, and farm modernization. The sector has also expanded through the creation of industrial zones dedicated to processing and storage.
Major infrastructure projects, such as the 1,055 km Tiznit-Dakhla expressway completed in record time and the nearly €1 billion Dakhla Atlantic port, strengthen the Southern Provinces’ integration into national and African markets. This positions the region as a logistical hub connecting sub-Saharan Africa and serving as a gateway to the Americas and Europe.
Dakhla is poised to assume the commercial role once held by Essaouira, historically known as the “Port of Timbuktu.” His Majesty the King’s vision has been embraced pragmatically by Sahel countries following recent regime changes.
Coastal, ecological, and niche tourism is growing exponentially, with investments in hotels, resorts, and eco-tourism circuits. Local crafts benefit from enhancement programs, adding to the region’s tourist appeal.
Social sectors are also receiving significant investment. The Laâyoune University Hospital Center (CHU), for example, mobilized €110 million. Education and vocational training have expanded to support demographic and economic growth, with numerous faculties now serving local youth. Banking, insurance, and telecommunications services are evolving in tandem with other sectors.
Local authorities, fully aligned with this vision, are multiplying public-private partnerships to accelerate project implementation and pool resources. These initiatives foster job creation, improve living standards, and empower local populations, while reinforcing regional stability and attractiveness. Illustrating this momentum, the French Development Agency (AFD) recently announced a €150 million investment to support structural projects and regional development, reflecting the strengthened Morocco-France partnership.
This development and integration drive has provoked strong opposition from Algeria and the separatist group it sponsors. The Polisario Front, increasingly desperate, has escalated provocations, including blocking MINURSO logistical convoys and issuing terrorist threats against foreign investors in a bid to disrupt regional development and internationalize the conflict.
Algeria, stuck in an outdated stance, harbors deep hostility toward Morocco’s advanced autonomy model, viewing it as a direct threat to its regional ambitions and support for the Polisario. Algiers condemns Moroccan projects in the Southern Provinces as colonial and illegitimate, attempting unsuccessfully to isolate Morocco diplomatically. In reality, Morocco’s only remaining support appears to be from parts of Africa-and even there, voices within the African National Congress (ANC) are urging a policy shift toward Morocco, now a major diplomatic player.
Despite these maneuvers, Morocco remains steadfast in its sustainable and inclusive development strategy, consolidating sovereignty and regional leadership. Its partners include Europe, the USA, China, France, Spain, Russia, and many others.
Through innovation, sustainability, and inclusion, Morocco is transforming its Southern Provinces into engines of growth benefiting both the nation and the entire African continent-a true model of integrated and resilient development.
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Morocco’s Southern Provinces Witness Unprecedented Investment Boom
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The thief of cope
1325
Do people enjoy zero-sum games? I think they very much do. Most deny it because it beckons to more primitive days where life was the ultimate battle-royal: Grog beat enemy, Grog take everything. There's plenty of illustration of this more primitive state in fiction. If you've watched the Walking Dead, you may have noticed how that characters very quickly regress from their civilized selves to pro zero-sum gamers. Even though there's a whole planet to loot, the imminent scarcity they are faced with makes factions go to war against each other. In a post apocalyptic world, there's no place for collaborative value creation. But we don't need the apocalypse to reveal our natural proclivity towards zero-sum games. Talk to a historian and you will know that empires have always seen the world as a big zero-sum game, even when a whole continent had yet to be discovered. Talk to a marxist and he'll show you that the bourgeoisie is much more adept at playing the game than the proletariat. Talk to an economist however, and he'll throw sand into your eyes to distract you from an uncomfortable truth : "Trust me bro, we just need to make the cake bigger". Just make the cake the bigger... as if somehow, starting the renaissance, we magically figured out an economic system that allows us to grow economies like no other before. In tech-bro speak, it was all just "skill issue". But then, you remember the exponential leaps in technological progress and the new forms of energy harnessed. You point this out, and the economist scrambles with an indian accent "let me tell you something, let me me tell you something, it was the new economic paradigm and its countless jewish monetary tricks". Sound silly right ? That's what everyone believes nowadays. After all, isn't everybody trying to get rich ? Everyone dreams of a Bugatti, just in case they are suddenly asked to prove that they are not brokies. But how many can harness the sociopathic behavior that's necessary to grow your business? I'd argue that those are the minority. Or maybe I am being naive. Just like we are fast to revert to zero-sum thinking, we are also fast in discarding empathy for others when money starts flowing. The fact remains though, being rich is not about creating the most value, it's about maximizing your side of the zero-sum equation. Put yourself in the shoes of the capital holder. Every cent he gives you for your work is a missing one from his big scrooge mcduck like pile of pennies. The capitalist's essence is to make his side of the equation go as far away from 0 as he can possibly get away with. He only gives away when he is promised a bigger return, or when he wants to avoid a bigger loss. These are the rules of the game. Rules the masses have such a hard time coping with, Sociology was invented to study its effect on their confused plebeian brains.
Among the sea of copes, one held some truth for a couple of decades. Let us refer to this idea as the "meritocratic cope", which goes something like this : Even if you don't physically own the means of production, you can have a cozy life if you can develop some skills that require an above average-intellect. How much above average depends on too many factors to cite. But over time, the overall trend has been that the more advanced technology got, the farther away from the middle of the bell curve you needed to be. For those with lesser intellects but loads of money, you could also coast through life with a series of bullshit jobs. You just need a pay-to-win diploma from a fancy school made by the rich for their less genetically fortunate off-springs. Both paths are not equal. The former genocides your hair follicles, nukes your skin, empties your eyes and gives you a vague air of "this guy has been through some shit". The latter is rife with opportunities to enjoy life, expand your horizons with equally narrow minded peers, and you end up walking out feeling competent to tard-wrangle the unorganized entropy of the labour force into higher quarterly earnings. You're not just an idea guy, you're a visionary. You don't know how to do anything yourself, but it's okay. You are a visionary.
But this is coming to an end. I'm not quite sure about the second path, but I can quite confidently assert that it's over for the former. The culprit? Artificial intelligence. If you were wondering where this rigmarole was leading to, it was all necessary exposition to understand where all the hate I have towards AI is coming from. In my next article, we will examine why the latest AI progress is the ultimate "checkmate, atheist" move to whomever has hope for a brighter future. No more hope, no more cope, no more peace, just problems.
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The thief of cope
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Trump Tariffs & Retaliations: What could happen to Canada if it Lasts
7175
Even more inflation and a general depreciation of the Canadian market. If Canada increases tariffs on US imports, Canadian companies will have to borrow more to buy what they need to produce, therefore increasing the money supply and driving Canadian inflation higher. The vast majority of the borrowing will be directed to buying supplies not increasing salaries.
Tariffs on Canadian products in the US will likely lower the demand for them. Which means Canada will have a surplus of products that they might not be able to sell. The US is after all the number one market for Canadian products and for some companies the only one. This in terms will lead to a lowering of production which coupled with increased borrowing will likely increase inflation even higher.
So why not sell in Canada? Canada has a very high GDP / Capita but the size of it's market is not comparable to the US. Canada has also accumulated a high number of regulations that prevent economic growth and turn one of Canada's biggest advantage (its size) into one of it's biggest disadvantages. Canada is the second biggest country on earth, a fact that comes with a unique set of economic challenges, chief amongst them is the transport of goods. Canadian economy mostly relies on trucks to ship good from *A Mare Usque Ad Mare*. Canadian trucks are subjected to different laws in different Provinces. Some cannot event drive at night. In the second biggest country on earth it means a huge increase in shipping time and therefore cost needed to ship goods. Canadian energy costs are high, due to carbon taxes and various laws and regulations that prevent the growth of its oil industry. Canadian provinces also have specific taxation laws that effectively act as tariffs within the country, driving the competitiveness of the inner Canadian market lower. Canada taxes on employment and consumption are also general higher, driving cost of labor and therefore the cost of everything higher.
All this means that until now, it was cheaper to sell to the US than within Canada. For some, it was even cheaper to drive to the border and send a package with USPS than to send from Canada using Post Canada.
Why not Europe then? Europe is far, which means higher logistical and shipping costs. Europe is also extremely regulated, which means that Canadian companies would have to undergo massive restructurations to make their products fit the European market from a regulatory perspective. Canadian market is so intertwined with the US market that a lot of what it produces is in inches and feet. Not what Europeans are looking for. Europe is also suffering from a serious inflation meaning that their capacity to buy Canadian surplus is not that high. Europe is not an homogeneous market. Selling in Europe means dealing with many languages and tax regulations like VAT that are specific to each country. This drives the cost of compliance even higher.
In short, If the tariffs war lasts, Canadian economy will produce surplus that it will not be able to sell, leading to a downsizing of the economy, and Canadian companies will have to increase their borrowing to maintain production. These will lead to higher inflation in Canada that will be accelerated by existing consumption taxes. This in turn will lead to an increase in salaries, therefore of borrowing and an acceleration of inflation due to existing labor taxes, which will lead to an increase of unemployment. This is the road to a Canadian recession that could lead to a massive defaulting on debt in Canada (especially in the housing market) and a general divestment from the Canadian economy.
The only viable option for Canada to soften the blow is to increase the competitiveness of its inner market: lower taxes and lower government spending (to reduce inflation), remove regulations (starting with the ones hindering inter-provincial economy), lower energy costs.
Edit: Canada just cut interest rates to 2.75% increasing money supply (link bellow).
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Trump Tariffs & Retaliations: What could happen to Canada if it Lasts
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Meat prices: the upward spiral is stopped dead in its tracks...
6979
If there's one issue that has been preoccupying the public for a long time, and which has unfortunately been prolonged, it's the cost of living. It is perceived as unreal by a large fringe of society. In fact, it's not just a feeling, but a bitter reality that the government has been unable to rectify. It has never been easy to curb inflation anywhere in the world, except by means of drastic and unpopular decisions. What is currently happening in Argentina is the perfect illustration of this difficulty. The Moroccan government is not ready to shoulder such responsibility, especially as some of its so-called social decisions have contributed to the current situation.
Since the COVID pandemic, inflation has not stopped. There has of course been imported inflation, particularly since the outbreak of hostilities between Russia and Ukraine, but there has also been domestic inflation, which has been there since certain decisions were taken by PJD governments. The long-term rise in prices has also accelerated as a result of the money distributed by the current government, for reasons that are quite understandable from a human point of view.
Citizens no longer know where to turn. The HCP confirms that there has been a slight overall improvement in Morocco, which is to be welcomed, but not for everyone. Gaps are still widening, and precariousness is catching up with a middle class that has been weakened for almost ten years now, one after the other.
Against this bitter backdrop, over the past few weeks people have been looking ahead to Ramadan with uncertainty, and have already been talking about Eid, wondering how they are going to make ends meet. They dared to make alarming comments, vociferating recurrently, particularly on social networks and via certain ‘specialist’ websites. Clear demands have been made of the government. Each time, it has timidly tried to respond, without being convincing. Each day that the good Lord has done for a few weeks, not to say months, has only widened the gap, to the point where a crack has been felt in the coalition at the helm. The leader of the Istiqlal party came out clearly on the side of the plaintiffs, taking up the arguments of this important fringe of society.
The situation is very special. The impact of 6 successive years of lack of rain on grazing and therefore on livestock is palpable. As a result, in line with economic logic, prices are on an upward trend. At the same time, it should be noted that for some years now, the habits of Moroccans have changed considerably. Improved living standards and certain cultural biases mean that we slaughter more sheep than any other Muslim country, especially when you compare the number of animals sacrificed on this sacred day of Aid with the number of inhabitants. In fact, the 36 million Moroccans that we have been for some time now sacrifice some 6 million animals every year on a single day. That's almost a third of the national sheep herd. Moroccans, who are very attached to tradition, are the people who sacrifice the largest number of sheep on Aid El Kebir. By way of example, our neighbors, who have a population of five million, only sacrifice between 3 and 3.5 million animals. In the Gulf countries and even in Mecca during the pilgrimage, people prefer to spend the equivalent of the amount needed to buy a sheep on charity.
The impasse.
It was clear that a powerful and far-reaching decision was needed to turn the tide.
And it was through a message that His Majesty the King, may God assist him, in his capacity as Commander of the Faithful, came to break the spiral and restore hope to the people.
When Si Ahmed Taoufiq, Minister of Habous and Islamic Affairs, read the royal message calling on the faithful to refrain from performing the rite of sacrifice for Eid, he could never have imagined the scale of the demonstrations of joy that the solemnly pronounced words would provoke. Back home, Moroccans instantly appreciated the invitation and chanted prayers in unison for His Majesty's health. The weight and impact of the Sovereign's words on the occasion were like a balm, healing wounds and reassuring people. In the cafés, some people behaved as they did when our national team scored goals in the World Cup. Chairs jumped up and down, and the joy and emotion were palpable. Moroccans approved and were satisfied and happy.
The next day, things had changed.
I was particularly surprised that beef was offered at 75 dirhams in Temara on Saturday. The price fell by 40 dirhams in record time.
The impact of the royal message shook things up. Tongues have been loosened. Some speculators were exposed, while others reported that some players in the industry were not declaring the exact number of animals in their possession, or were not even declaring any at all. As if by magic, all these fine people came out of the woodwork, some to complain, some to express their discontent. In fact, people whose job is not to rear sheep have no structure to look after them. Generally speaking, all they have are sheds and staff to look after them. Their difficulty now is how to sell the quantity of sheep they trade in.
It became clear that the effects of the drought were in fact combined with those of unbridled speculation at the expense of the consumer.
The situation today is that meat is in the process of returning to the affordable, even normal, pre-crisis prices it was before the crisis, without imports and without any public aid being distributed for this purpose. In fact, without any intervention from the government, whose previous attempts have failed.
Things are unlikely to stop there. The fall in the price of sheep has led to a fall in the price of cattle, and will probably lead to a fall in the price of goats, chicken and fish. The balance of these products in the consumer basket will inevitably rebalance prices to everyone's advantage.
The upward spiral has been stopped dead in its tracks.
Moroccan citizens have once again had proof, if proof were needed, of the closeness of His Majesty Amir Almoumine and feel perfectly well protected.
As I write these words, a song pops into my head: habib aljamahir by Abdelwahab Doukkali.
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Meat prices: the upward spiral is stopped dead in its tracks...
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The Billion-Dollar Question: How Much Is Your Data Worth in the Age of AI? Shapley Value in Data Economics
6343
In today’s AI-driven world, data is often compared to oil. However, not all data holds the same intrinsic value. While some datasets are critical for the performance of AI models, others contribute little or no enhancement. As organizations pour vast resources into acquiring, processing, and leveraging data, the ability to systematically assess its worth has become a fundamental challenge.
**The Need for Intelligent Data Valuation**
When companies acquire data, it’s not enough to simply consider its quantity. They must also evaluate its quality, uniqueness, and relevance to the problem at hand. Equally important is understanding the relationships between datasets—whether they complement each other or act as substitutes. This distinction plays a pivotal role in making cost-effective decisions.
For example, a bank seeking to improve its fraud detection capabilities might consider purchasing two datasets:
*-* **Transaction History (Dataset A): ** Records of past financial transactions, which may reveal patterns indicative of fraud.
*- ***User Behavior Data (Dataset B): ** Behavioral analytics, such as login habits and spending behaviors, which can help identify anomalies.
If combining both datasets leads to a significant improvement in fraud detection accuracy, they are considered complementary—together, they provide more value than the sum of their individual contributions. However, if one dataset alone offers nearly the same predictive power as the other, the second dataset becomes a substitute, diminishing its marginal value.
This distinction is crucial. Companies can waste millions on redundant or low-value data if they fail to evaluate dataset interactions properly. A deeper understanding of these relationships helps ensure that only the most valuable data is acquired, processed, and used to drive AI-driven decision-making.
**Assessing the True Economic Worth of Data with Shapley Value**
To address this challenge, the **Shapley value**—a concept rooted in cooperative game theory—provides a fair and consistent method to assign value to datasets based on their contributions to the overall performance of an AI model. In this context, the "game" refers to model performance, and the "players" are the datasets used to train it. The Shapley value acts as a metric to evaluate the contribution of each dataset to the model’s performance.
**General Concept of the Shapley Value**
The Shapley value distributes the total "payoff" (or performance improvement) of a cooperative game (i.e., model accuracy) among the "players" (datasets) according to their marginal contributions. To calculate the Shapley value for a dataset, we consider all possible combinations of datasets and evaluate how much the addition of that particular dataset enhances the model’s performance.
Let’s consider an example: Fraud Detection System: Imagine a fraud detection system with three datasets:
*-* Transaction history (Dataset A)
*-* User behavior data (Dataset B)
*-* Geolocation data (Dataset C)
To calculate the Shapley value, we would:
1. Evaluate the model’s performance with each dataset, both individually and in combinations
2. Determine the marginal contribution of each dataset by seeing how much it improves the model’s performance when added to the other datasets.
3. Calculate the average contribution of each dataset across all possible combinations.
The Shapley value ensures that each dataset is credited according to its true contribution to enhancing the fraud detection system. This methodology evaluates the worth of data not only based on its individual impact but also by considering how it interacts with the other datasets.
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The Billion-Dollar Question: How Much Is Your Data Worth in the Age of AI? Shapley Value in Data Economics
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EdgeAI: The Strategical future of AI for Low and Middle Income Countries
6049
Years ago I was urging LMICs like Morocco to get into AI quickly, that was before ChatGPT. Today I am assisting to a great talk by Danilo Pau at SophI.A Summit 2024 explaining why the current trends in AI are insane.
ChatGPT is a major historical turning point. With ChatGPT, the general public started seriously caring about AI, driving unprecedented amounts of revenues. It is also the historical turning point towards *very large* LLMs. The post-ChatGPT world is a very different world: state-of-the-art AI has become extraordinary expensive, pricing most countries our of the race because expensive hardware and energy.
If the current AI trends continue, powerful AI development will only be possible in a few countries, relegating everyone else to AI consumers. In this context EdgeAI presents an interesting potential solution.
EdgeAI is AI on the edge, it means using small components and sensors to do more of the AI heavy lifting. Instead of having a camera only take pictures before sending them to am AI Cloud, part of the AI could be ran into the camera itself by specialized hardware. This means a much lower cost for hardware and energy. It is a type of AI that can be distributed and could be deployed with much lower means.
Challenges for EdgeAI are nonetheless many. First of all, there is interest, most of the AI community is focusing on ever bigger models. Then, EdgeAI requires the development of specialized hardware, this hardware will have to be imagined and software will have to be written to ensure compatibility with mainstream AI software.
EdgeAI also requires a specific set of skills: __**Old School Skills**__. Today, most computer science students spend most of their time working with scripting languages like Python and Javascript. These are what's called *high level* languages, *high level* means easy, it means the thinking required to interface with the hardware is done for you. The corollary is that the basics of data-structure, algorithmic, machine language and information theory are often lacking; because not practiced and not needed for cloud computing. These are the exact skills needed to make EdgeAI a reality.
Here lies a new opportunity in AI: focus on the development of EdgeAI and adapt the curricula to the needs of EdgeAI. Develop solutions that are not only adapted to local markets, but will also be competitive on the global market because they are cheaper more effective and reliable.
#SophIA2024
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EdgeAI: The Strategical future of AI for Low and Middle Income Countries
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The near future of AI Economics
4918
The near absolute domination of Nvidia in AI hardware is not going away anytime soon. Despite efforts by major hardware companies and startups alike, supplanting Nvidia is just too costly. Even if a company is able to create better hardware and supply chains, it would still need to tackle the software compatibility challenge. Major AI frameworks like pyTorch and Tensorflow are all compatible with Nvidia, and little else. These are all open source, and although supported by major companies, like all open-source software their foundation is their communities. And communities can be notoriously hard shake. All this suggest that the price of Nvidia GPUs will keep increasing, fuelled by the rise of ever bigger LLMs.
So where does that leave us for the future of AI economics. Like anything valuable, if the current trend continues, GPU computation time will see the apparition of derivatives. More specifically, *futures* and *options* on GPU computing hours could be bought and sold.
The other coming trends are in energy trading, modern AI is extremely hungry for electricity, to the point of needing dedicated power-plants. If the current trends continue in AI, with major companies and countries building and investing into bigger and more power hungry datacenters, this could lead to a trend of significant disruptions in some parts of the energy sector. Again the markets for energy derivatives (*futures* and *options*) could be significantly affected. Finally, *bounds* markets and inflation are also poised for some disruption, as the building of the extremely expensive facilities necessary for AI is likely to result in more borrowing.
When it comes to AI: Nvidia GPUs and Electricity are king.
Link Below: google is buying nuclear power.
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A formal Definition of Stealing
2131
One of the basic rules of economy is that value is created by exchanging (not by printing money).
----
==Lets imagine a simple example:==
Person A has lots of pens. For them a pen is only worth 1$, a sheet of paper, however is worth 4$. Person B has a lot of paper for them a sheet is only worth 1$, but a pen is a valuable item worth 4$.
Person A wants a sheet and Person B wants a pen. They decide to exchange A gives a pen to B and, B gives a sheet of paper to A.
At the end of the exchange, both have lost 1$ of value, but got 4$ in return, meaning that they have made 3$ of value each.
A total of 6$ of value has been created by the exchange.
----
Now lets look at what happen during theft. When something is stolen, no exchange happenes between the parties, therefor no value has been created. In fact for society as a whole the yield is negative, as the thief had to spend energy (value) to get what he wanted. So although he enriched himself, he also made everybody poorer.
We can consider this a definition of stealing: A transfer of goods that results in a negative creation of value.
The same is true, to a lesser degree, when one of the parties cheats the other by providing an item that is less valuable than previously thought. Like a pen that does not write.
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Can You Become a Millionaire by Working on Venom? Yes!
1961
The idea of becoming a millionaire might conjure images of tech startups, real estate investments, or Wall Street. But working with venom can be your ticket to wealth, thanks to its significant medical and commercial potential. ----
Venom, produced by creatures like snakes, spiders, and scorpions, is a complex mixture of proteins and peptides. These toxic cocktails hold incredible potential for medical applications, creating a profitable intersection of nature and science.----
Venom-derived drugs have made significant impacts in medicine. For instance:
- Captopril, derived from the Brazilian pit viper's venom, generates over $1 billion annually in revenue.
- Prialt, a painkiller from cone snail venom, can cost up to $20,000 per year per patient.
----
The pharmaceutical industry constantly seeks new compounds for effective treatments. Venom-derived substances are particularly appealing, leading to substantial investments in research and development. This can result in lucrative patents and partnerships.----
Venom production and farming are other profitable ventures. Companies like Amsaal Venom Farm LLC specialize in producing and distributing venom for research and antivenom production. High-quality venom can sell for up to $5,000 per gram, depending on the species and purity.----
Owning patents on venom-derived compounds is highly lucrative. Licensing these patents to pharmaceutical companies can yield substantial royalty payments. For example, licensing agreements typically offer 3–5% royalties on net sales. A successful drug generating $500 million annually could provide $15-$25 million in royalties.----
Imagine discovering a new venom-derived compound that becomes a best-selling drug. With an annual revenue of $1 billion and a 3% royalty, you could earn $30 million per year. Alternatively, running a venom farm producing 100 grams of high-quality venom per year could generate $500,000 annually, assuming a $5,000 per gram price.
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Artificial Illusion: The Hype of AI - Part 1
2443
I personally see AI as a hype that will slow down with time. Nowadays, people include AI in their projects to seize opportunities. For example, if you have a failing business, just add the word AI and you might attract investments. If you're doing research, switch to AI or include a part of it, even if it's not necessary, and you may receive funding. AI is becoming a buzzword, and if you believe it's not, you might get frustrated. You might feel unworthy as a human and worry about being replaced by a robot that lacks emotions, creativity, and the incomparable qualities of the legendary creation: humans.
As I mentioned in a previous opinion article, "Just use AI in your speech and you'll sound fancy." This trend has permeated many sectors. I’ve had conversations with CEOs of startups that claim to use AI for groundbreaking innovations :). When I asked them simple questions about the models they used, the reasoning behind their choices, and the specific applications, they would talk broadly about AI—just AI, yes AI, and that’s it.
It's reminiscent of the old saying, "Fake it till you make it," but with a modern twist: "Artificial Illusion." As Mark Twain once said, "It's easier to fool people than to convince them that they have been fooled." This seems particularly true in the world of AI hype.
The enthusiasm for AI has led to a phenomenon where merely mentioning it can lend credibility and attract resources, even when the actual implementation is minimal or superficial. This trend not only dilutes the genuine potential of AI but also risks disillusioning stakeholders who may eventually see through the facade. True innovation requires substance, not just buzzwords.
If Shakespeare were alive today, he might quip, "To AI, or not to AI, that is the question." The answer, of course, is that while AI has its place, it’s not the end-all and be-all. We should remember Albert Einstein's wise words: "Imagination is more important than knowledge." AI lacks the imagination and creativity that humans bring to the table.
The real secret to success isn’t in the latest tech jargon, but in honest, hard work and genuine innovation. So next time someone dazzles you with their AI-powered business model, just remember: A little skepticism can go a long way. Or as George Bernard Shaw put it, "Beware of false knowledge; it is more dangerous than ignorance."
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I Spent 7 Days in Singapore... My Life Changed, Here is Why
2067
Spending a week in Singapore was an unforgettable experience that left a lasting impact on my life. From the moment I arrived, I was captivated by the city's unique blend of modernity and tradition, its vibrant culture, and its cutting-edge innovation. Here are the key moments and discoveries that made my stay transformative.
Day 1: A Fusion of Cultures
Singapore is a blend of various cultures, and this was immediately evident. Wandering through neighborhoods like Chinatown, Little India, and Kampong Glam, I immersed myself in diverse traditions, cuisines, and architectures. Each area told a story of the people who have made Singapore their home. In Chinatown, I visited temples and savored street food while chatting with local shopkeepers (mainly in Chinese Mandarin) who shared the history of their businesses. Little India dazzled me with its colorful markets and the aroma of spices, where I learned about Indian festivals and rituals from friendly vendors. Kampong Glam, with its vibrant street art and the majestic Sultan Mosque, offered insights into Malay culture. This cultural immersion made me feel connected to the global community, appreciating the rich traditions that coexist harmoniously in Singapore.
Day 2: A Green Oasis in a Concrete Jungle
The Gardens by the Bay was a highlight of my trip. The futuristic Supertree Grove and the serene Cloud Forest left me in awe of how Singapore harmonizes nature with urban life. I spent hours exploring the lush landscapes, marveling at the diversity of plant species. A gardener I met shared stories about the meticulous care and effort that goes into maintaining these green spaces, emphasizing Singapore's commitment to sustainability and green living. This encounter inspired me to think more about how I can incorporate eco-friendly practices into my daily routine. Despite the city's strict rules, which made finding a smoking area a bit of a challenge, I appreciated the clean and green environment that these regulations help maintain.
Day 3: Innovation and Inspiration
Attending the 22nd World Congress of the International Society on Toxinology was the primary reason for my visit. Here, I had the honor of presenting my research and engaging with some of the brightest minds in the field. Conversations with researchers like Pr. Jan Tytgat and Pr. Manjunatha Kini opened my eyes to new possibilities in my work. Their innovative approaches and groundbreaking discoveries reignited my passion for scientific research. The congress was held at the National University of Singapore (NUS), and I was struck by the beauty and modernity of the campus. NUS, with its state-of-the-art facilities and vibrant academic atmosphere, stands as a testament to Singapore's commitment to education and research excellence.
Day 4: Culinary Adventures and Unexpected Encounters
Singapore's food scene is legendary, and I made it a mission to try as many local dishes as possible. From hawker centers to high-end restaurants, each meal was a culinary adventure. Trying dishes like Hainanese chicken rice, laksa, and chili crab expanded my palate and appreciation for the artistry of food. At a late-night food stall in Newton Food Centre, I struck up a conversation with a group of construction workers who shared their experiences and struggles. Their stories of hard work and resilience left a lasting impression on me, highlighting the human side of Singapore's rapid development. Despite the strict laws, the city felt incredibly welcoming and orderly, contributing to its reputation as a clean and safe destination.
Day 5: A Glimpse into the Future and a Brush with Reality
A visit to the Singapore Science Centre and Fusionopolis showcased the country's commitment to technological advancement. The innovations in AI, biotechnology, and sustainable development were impressive and motivating. Seeing these advancements firsthand made me more enthusiastic about the potential of my own research in AI for drug discovery. Later that night, while exploring Geylang, a less-touristy part of town, I had an unexpected encounter with a group of youths who shared tales of their tough upbringing and the challenges they face. This stark contrast to the city's polished exterior added a layer of depth to my understanding of Singapore, showing that even in a seemingly perfect city, there are stories of struggle and resilience.
Day 6: Reflection and Growth
On my penultimate day, I took some time for personal reflection at the serene East Coast Park. The peaceful environment provided the perfect backdrop to contemplate my experiences and the new insights I had gained. A local fisherman I met there shared his life philosophy, emphasizing the importance of balance and mindfulness. This interaction made me realize the importance of balancing professional aspirations with personal well-being. The warm, tropical weather, although humid, added to the overall tranquility of the park. As I sat by the sea, watching the ships go by, I felt a profound sense of calm and clarity, understanding the need to find harmony in life.
Day 7: Farewell with a New Perspective
As my time in Singapore came to an end, I felt a profound sense of gratitude. The city's spirit of innovation, cultural richness, and commitment to sustainability had left an indelible mark on me. I was especially struck by the friendliness and honesty of the people. Everywhere I went, locals were ready to help, whether it was giving directions or sharing their stories. Unlike many other cities, I didn't encounter any scammers or beggars, which added to the sense of safety and trust. I returned home with a renewed sense of purpose, inspired to incorporate the lessons I learned into my everyday life and research.
My seven days in Singapore were more than just a trip; they were a series of experiences that changed me. This dynamic city showed me the power of diversity, the importance of innovation, and the value of sustainability. My interactions with people from all walks of life, from researchers to laborers to those on the fringes of society, gave me a more nuanced perspective. My life was changed in ways I never expected, and I am eager to see how these experiences will shape my future.
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How Many Scorpions Do You Need To Make $100,000 Annually?
2799
Starting a business in the specialized field of scorpion venom extraction can seem appealing because of the high prices that medical and research industries pay for this potent substance. However, making a lucrative income from milking scorpions is more complex than it might initially seem. I personally believe that understanding the numbers and logistics is essential before entering this unique venture.
Understanding Venom Value
Firstly, it’s important to acknowledge the market value of scorpion venom, which is among the most expensive liquids by volume. Depending on the species and the quality of the extraction, the venom can fetch anywhere from $8,000 to $12,000 per gram. The high cost is due to the venom’s use in medical research, including cancer treatment studies and antivenom production, making it highly sought after in specific scientific communities.
Practical Yields and Species Considerations
Not all scorpions are created equal when it comes to the value of their venom. Species like the Deathstalker (Leiurus quinquestriatus) are particularly coveted due to their potent venom, which is rich in compounds useful for medical research. However, even with a valuable species, the amount of venom each scorpion produces is minimal — typically around 0.5 to 2 milligrams per milking session, and you can safely milk them about twice a month.
The Math Behind the Venom
Let’s break down the numbers. To set a realistic income goal, suppose you aim to make $100,000 annually from venom sales. Assuming you can sell the venom at an average price of $10,000 per gram, you would need to produce 10 grams of venom each year. Since 1 gram equals 1,000 milligrams, you would need a total of 10,000 milligrams of venom annually.
Each scorpion might give you 1 milligram per milking, and if milked twice a month, that’s 24 milligrams per scorpion per year. To meet your income goal, you would therefore need about 417 scorpions. This figure highlights the scale of what might initially seem like a small operation.
Considerations and Challenges
Beyond just the numbers, there are significant challenges and considerations in setting up and running a scorpion venom extraction business:
Setup and Ongoing Costs: Initial costs can be quite high, as specialized equipment and facilities are needed to house and safely milk scorpions.
Legal and Ethical Issues: There are often stringent regulations governing the use of animals for commercial purposes, including licensing and welfare considerations.
Market Demand and Stability: The market for scorpion venom is niche and can be volatile. Establishing reliable connections within the industry is essential for success.
Personal Thoughts
I personally think that while the potential for high income is alluring, the scorpion venom extraction business requires a deep commitment and a robust understanding of both the science and the market. It’s not merely about having a large number of scorpions; it’s about creating a sustainable and ethical operation that can consistently produce high-quality venom in a market that is inherently limited and highly specialized.
Feel free to reach out if you’re interested in starting this business!
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Accelerating Team Human
2096
As the solar eclipse moved across America today, there was a timer. Maybe nobody was watching it, but it was there. I created it. At the moment of eclipse totality a job search site called Blackflag was quietly released with the hope of improving the way teams are built. One small step in a larger mission to change the role technology plays in the evolution of our society. One small step in a larger mission to accelerate team human.
It's a vague and ambiguous mission for a reason. Much talk has been made recently over accelerationism philosophy. For example, Effective Accelerationism (e/acc) is a philosophy of maximizing energy consumption and compute by exponentially improving technology to improve society. In response there has been debate over the increasingly negative impact technology has on society and some have asserted humanism. I think it's an interesting commentary because, while there have always been those who imprint virtues to actions, if ethics is how to act, the introduction of technology and deemphasis of the human condition on ethics is an almost formulaic way to calculate the demise of team human. Modernism symbolizes either Leviathan or "god is dead."
What do you call the intersection of science, technology, and society? There is science, which we consider rigorous thought. Then there is technology, which is the application of science. Technology is in direct contrast with our relativistic field of social studies. The relationship between society and technology is unclear, but clearly present.
Of course, if I were not a technologist, I would not be building technology. Perhaps to more aptly summarize: the mission of Blackflag is to expand the the role society plays in technology, while minimizing the interference of technology on society. It is a non-political mission, though it may be seen as ideologically driven to a form of environmentalism and accelerationism.
To begin, Blackflag is providing a free publicly-available job search engine that is the start of a larger effort to improve the quality of our organizations and teams. While Blackflag will be a commercial organization, it's symbol and likeness are public domain.
* note blackflag.dev will be moved to blackflag.jobs, for which I am awaiting delayed ICANN verification.
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Accelerating Team Human
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El Salvador: The most important country you barely hear about
2166
El Salvador has a significant diaspora, so much that money coming from the US is a major source of income. **Not so long ago you would have been pressed to find a Salvadorian who wanted to go back to El Salvador. Now things seems to be changing.**
El Salavador, used to have one of the highest homicide rates in the Americas, now it looks relatively safe. El Salvador showed an interesting strategy. First boost the economy before handling the crime situation. Crime is indeed a part of GDP, albeit a hard one to quantify. Since it is an economic activity, it participates in exchanges and provides people with activities that supports them and their families. Drastically reducing crime has the effect of creating *'unemployed criminals'* people with a skillset that's hard to sell in a traditional economy.
El Salvador probably did take a hit to its GDP, but that was compensated by the increase in economic activity and investments.
Bitcoin was a big part of that.
Bitcoin got a lot of bad press as a technology only used by criminals, or a crazy investment for crazy speculators. These takes failed to understand the technology and it's potential. What Bitcoin offers is a decentralized, fast and secure payment system for free. El Salvador doesn't have to maintain it, regulate it, or even monitor it. All very costly activities that a small country can do without. Bitcoin is a mathematically secure way of payment.
In a country where road infrastructures are challenging, Bitcoin offers people in remote areas the possibility to pay their bills without travelling for hours. In a country that was unsafe, Bitcoin offered people the possibility to go out without the fear of being robbed.
It also attracted a kind of investors that would go nowhere else. And even if these investment can appear small, for a country like El Salvador it's a big change.
The Salvadorian experiment in a freer economy, crypto-friendly and smaller government, in a time of increasing inflation, has a lot of people watching. In a continent that leaned left for so long, this is a big change.
My opinion is that there would be no Javier Millier hadn't there been a Nayib Bukele before. Argentina has been a bastion of the left for decades. If the libertarian policies of Millier succeed in bettering the lives of Argentinians, we might be on the brink of a major cultural shift in the Americas and then the world.
Argentina is a far bigger country than El Salvador, with far more people watching.
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El Salvador: The most important country you barely hear about
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GenZ: The Fiscally Aware Generation
2285
I am sitting at Paul's cafe at the airport en route to Nairobi via Cairo for Applied Machine Learning Days (AMLD) Africa (a wonderful conference, more on that later). **In front of me 4 young males, early 20s, they speak loudly in french as they eat the burgers and fries they bought at another restaurant.**
They talk about money.
"You have no idea how much money I lose to taxes", says one of them. "40 to 50%! It's a lot of money, I would make so much more without it". He sees taxes not as a net necessary good, as most have been trained to see it, but as any other cost.
Interesting, that's not the type of conversations you would expect from someone that young. It's not the first time I hear this type of conversation from GenZs. Why are GenZs becoming more fiscally aware than previous generations? I think it comes down to two factors:
- Inflation
- The entrepreneurial culture
Inflation has hit everybody, for obvious reasons. However one constant with inflation is that it hits the poorest hardest. Young people tend to have less money. But that's not enough to raise awareness about a subject that most consider beyond boring. This brings us to the next point: *The entrepreneurial culture*.
As a millennial I witnessed it's burgeoning and blossoming. It started timidly with a few books and blogs, then massive blogs, then best sellers, then YouTube videos and finally podcasts. Not so long ago being an entrepreneur was considered an unwise life choice. Successful people go to work for established companies. Such was common wisdom. However, as the 2008 recession hit and people started to look for more revenue streams, they also discovered the concept that having one's business can also mean more freedom and better financial security.
There is however a big difference between the Millennial Entrepreneur and the GenZ Entrepreneur. The Millennial was still uneasy with the idea of making money and as such would speak about *"making a positive impact in the world"*, the GenZ is not burden in this way. You can see the shift in YouTube ads, today it's all bout how much you will make if you buy this or that business course.
So whatever online business they start, being it drop shipping or whatever, they tend do it in a money aware way. Starting an online business is a hard, the competition is fierce. Naturally, they try to invest their hard earned money wisely. When the tax bill comes, they see it as it is: an unexpected cost that does not necessarily translate to a better life quality. Nothing is free in this incarnation. Some are not even shy about relocating to fiscally advantageous locations like Dubai and making videos about it.
This could be the end of the blissful fiscally unaware generations.
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GenZ: The Fiscally Aware Generation
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XR Voice (Moroccan Dialectal)
2435
XR Voice is an initiative aimed at bridging the gap between scientific research and professional expertise. Recognizing that the advancement of scientific inquiry begins with elevating awareness within the professional realm, XR Voice seeks to gather insights from experts across various fields. By listening to the voices of professionals and their perspectives, this platform aims to explore how scientific research can enhance and refine diverse domains of expertise. Through this collaboration, XR Voice endeavors to catalyze a symbiotic relationship where cutting-edge research not only informs but actively elevates the standards and practices within the professional world.
By attentively considering the perspectives of professionals, this platform endeavors to explore how scientific research can enrich and refine various domains of expertise. Through collaborative engagement, XR Voice seeks to cultivate a symbiotic relationship wherein cutting-edge research not only informs but actively elevates the standards and practices within professional contexts. This mission is underpinned by the fundamental belief that all development begins with a deepened awareness and appreciation of scientific inquiry. Furthermore, this concept encourages experts to utilize Moroccan dialectal Arabic whenever feasible, fostering inclusivity and cultural resonance within the discourse.
“No country has ever prospered without first building its capacity to anticipate, trigger and absorb economic and social change through scientific research.” Dr. El Mostafa Bourhim
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XR Voice (Moroccan Dialectal)
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The Impact of Big Five Personality Traits on Augmented Reality Acceptance Behavior: An Investigation in the Tourism Field
2254
Along with the rapid development of the Internet and mobile devices, the integration of augmented reality (AR) in the tourism sector has become very popular. Utilizing the Big five model (BFM) as the theoretical framework, the study examines the role of personality in influencing the behavioral intention (BI) to use mobile augmented reality in the tourism sector (MART). The study further investigates the role of personal innovativeness (PIV) in determining tourists’ behavioral intentions to use MART. Quantitative research was carried out to test the conceptual model. This paper strengthened the analysis by implementing PLS-SEM method using data collected from 374 participants. The study results demonstrated that openness to experience (OPN) is a strong predictor of MART use. In addition, agreeableness (AGR), conscientiousness (CONs), extraversion (EX), neuroticism (NR), and personal innovativeness (PIV) have all significant and positive impacts on behavioral intention (BI) to use MART.
The present research purpose was to investigate the BFM variables with regards to MART use. The research also examined the contribution of PIV in explaining the BI to use MART. By employing PLS-SEM to tackle the primary study question. The current work makes a significant advance in MART use research. Empirically, the findings achieved are consistent with the BFM. Based on the outcomes of this research, all relationships have been assessed as being statistically relevant. Moreover, PIV positively influences the use of MART. The BI to use MART was positively impacted by AGR (H1: β = 0.128), CON (H2: β = 0.108), EX (H3: β = 0.124), NR (H4: β = 0.322), and OPN (H5: β = 0.169). This implies that users are expected to exhibit a strong BI to use MART when they are agreeable, conscious, extroverted, neurotic, and open to experiences. Additionally, the outcomes of the present paper also significantly upheld the association between PIV and the BI to use MART. Path analysis was found to be significant and positive (H6: β = 0.156); the result states that innovative tourists will intend to use MART. The important limitations are a higher risk of overlooking ‘real’ correlations and sensitivity to the scaling of the descriptor variables.
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The Impact of Big Five Personality Traits on Augmented Reality Acceptance Behavior: An Investigation in the Tourism Field
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Even in the digital age, travel agencies remain an ideal partner for hotels
2160
In the digital age, although many travelers book their stays online directly, incoming travel agencies remain partners of choice for hotels.
Operating a hotel requires an in-depth study of the target clientele, competitors and partners with whom we can collaborate to optimize revenue management.
A receptive travel agency or a DMC (Destination Management Company) offers its clients (individuals and corporates) support from A to Z, from the design of tourist activities, transport management, reservation of accommodation and seminar rooms , the inclusion of catering services, and even the provision of more special services (rental of translation equipment, audiovisual equipment, etc.) during their stays, tours or events.
This is a stable source of customers for the hospitality industry, as travel agencies tend to refer their customers to the same trusted providers.
Travel agencies make it possible in particular to increase occupancy rates, to generally improve the guest experience of customers thanks to the advice and support offered to customers and the local experiences that they will offer, they make it possible to streamline and to optimize hotel operations, particularly check-in, and to alleviate pressure on sales and marketing teams.
Indeed, they often manage the logistical and administrative aspects of reservations, allowing hotels to focus on improving the guest experience and other operational aspects.
Depending on the type (leisure or business), its capital structure (belonging to an international chain, a hotel investment group or family-owned), its size and its range, the advantages for a hotel in making travel agencies Travel of top allies may vary.
Here are some reasons why hotels may benefit from collaborating with travel agencies despite the evolving digital landscape:
Travel agencies often benefit from a global reach through their sales representatives, partner issuing agencies and their presence at international trade shows. They thus attract a large audience. Collaborating with these agencies allows hotels to reach potential guests who might not have discovered their property through other means.
Conversely, partnerships with well-established Moroccan travel agencies can help hotels reach a local audience. Agencies can promote special packages, seasonal offers and special events, helping to attract national clients.
Agencies invest heavily in online marketing, which can be costly and complex for an individual hotel. By working with agencies, hotels can leverage their marketing campaigns, social media presence and partnerships to attract more guests.
They offer multi-channel distribution, allowing hotels to reach different market segments through various online channels. This can include websites, mobile applications and especially partnerships with other travel platforms such as Travel Exchange, American Express, Perfect Stay, Voyage Privé, Ctrip, etc. which deploy cutting-edge digital strategies to enable new categories of Internet users to travel more, notably taking advantage of last minute flash sales.
Travel agencies can also help hotels optimize revenue by dynamically managing rates and availability. This is particularly important to maximize profits and fill available rooms, especially in low season.
It is also important to note that hotels must find the right balance in their distribution strategy, avoiding excessive dependence on certain online platforms.
They can sometimes specialize in source markets not usual for the destination (for example in Africa, Eastern Europe, Asia or Latin America), thus offering hotels the possibility of reaching a diversified clientele, limiting the risks of business continuity linked to conflicts, disasters, etc.
Finally, DMCs (Destination Management Companies), through their global vision of the destination and their collaborations with numerous hotels, can be good propagators of best practices. They are also an excellent source of opinions, feedback and recommendations to be used to improve customer satisfaction.
Studies carried out in the tourism sector in the aftermath of covid often lead to the same conclusions among which we can find the importance of addressing firstly to a local clientele, the need to develop inclusive tourism anchored in its environment, the urgency of the ecological transition but also the need to strengthen cooperation between the different players in the industry in order to make it more stable, more sustainable and therefore more attractive both for investors and for talents.
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Even in the digital age, travel agencies remain an ideal partner for hotels
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Part 1/5: Why You Should Apply for a PhD Regardless of Your Background
1898
Less than 2% of the world's population holds a doctorate degree. Do you aspire to be part of the average, or will you strive to join the ranks of these distinguished individuals?
- Expanding Knowledge: Deepen expertise in your chosen field, enhancing critical thinking and problem-solving skills. Gain unparalleled understanding and push the boundaries of what's known.
- Personal Growth: Develop resilience, independence, and management skills through challenging research projects. Cultivate self-discipline and adaptability, crucial for success in any endeavor.
- Career Opportunities: Opens doors to advanced roles in academia (research, teaching) and industry (R&D, consultancy, management). Elevates your professional profile and broadens career prospects.
- Networking: Connect with professionals and academics for future collaborations and career advancement. Build a valuable network of contacts that can support your career for years to come.
- Contribution to Field: Make significant contributions to your field, influencing both academic research and industry practices. Your work could lead to new discoveries, innovations, or methodologies.
- Inclusivity and Diversity: Encourages a mix of perspectives, challenging stereotypes and promoting inclusivity in academia and industry. Contributes to a more diverse and equitable professional landscape.
- Professional and Personal Transformation: A PhD is a journey of both professional expertise and personal development, beneficial for all backgrounds. It's an opportunity to grow intellectually, professionally, and personally.
- Leadership Skills: Develop leadership abilities by guiding research projects, mentoring students, and collaborating with various stakeholders.
- Global Perspective: Gain exposure to international research communities, broadening your understanding of global challenges and solutions.
- Recognition and Prestige: Achieve a level of recognition and prestige in your field, establishing yourself as an authority and thought leader.
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Part 5/5: 8 Inspiring Quotes on Leadership from Visionary Minds
1766
Quotes can inspire visionary thinking, apply them wisely, and you'll witness the changes they bring about.
"A leader is one who knows the way, goes the way, and shows the way." - John C. Maxwell
"Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill
"Lead from the back — and let others believe they are in front." - Nelson Mandela
"If your actions inspire others to dream more, learn more, do more and become more, you are a leader." - John Quincy Adams
"Management is doing things right; leadership is doing the right things." - Peter Drucker
"Leadership is not about being in charge. It is about taking care of those in your charge." - Simon Sinek
"A leader takes people where they want to go. A great leader takes people where they don't necessarily want to go, but ought to be." - Rosalynn Carter
"Be the change that you wish to see in the world." - Mahatma Gandhi
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Part 5/5: 8 Inspiring Quotes on Leadership from Visionary Minds
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Part 4/5: Understanding Personalities for Leadership in Academia and Industry
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Know yourself, understand others, and watch life's opportunities unfold.
- Recognize Individual Differences: Acknowledge and appreciate the diverse personality types within your team, understanding how these differences can contribute to a rich, dynamic work environment in both academia and industry.
- Adapt Communication Styles: Tailor your communication to suit various personality types. This includes being aware of how different people prefer to receive information and feedback.
- Foster Inclusive Environments: Create a workplace culture that respects and values different personalities, encouraging open dialogue and collaboration in both academic and industrial settings.
- Leverage Strengths: Identify and use the unique strengths of different personality types. In academia, this could mean assigning research roles based on individual strengths, while in industry, it might involve delegating tasks that align with team members' innate skills.
- Manage Conflict Sensitively: Understand how different personalities might clash and develop strategies to manage conflicts effectively, keeping in mind the distinct environments of academia and industry.
- Encourage Diverse Perspectives: Promote an environment where varied viewpoints are welcomed and considered. This is essential for fostering innovation and critical thinking in both fields.
- Personalized Mentorship: Offer guidance and mentorship that resonates with the individual personalities of your team members, helping them grow and develop in their respective roles.
- Embrace Learning Styles: Recognize that different personalities may prefer different learning styles. Adapt your teaching and training methods accordingly in both academic and industrial contexts.
- Promote Self-Awareness: Encourage team members to understand their own personalities and how these impact their work and interactions. This self-awareness can lead to more effective collaboration and leadership.
- Balance Team Dynamics: Strive for a balance of personalities in teams to ensure a harmonious and productive work environment. This involves understanding how different personalities can complement each other in both academia and industry.
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Part 3/5: Observational Learning for Effective Leadership in Academia and Industry
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Paying close attention to the details teaches you a lot!
- Observe Leadership Styles: Focus on the behaviors and decision-making styles of leaders you admire in both academia and industry. Understand how they approach challenges and interact with their teams.
- Learn from Mistakes: Pay attention to the errors made by others. Reflect on these mistakes and contemplate alternative solutions or approaches you would adopt in similar situations.
- Seek Feedback: Consider feedback as a crucial learning tool. Use it to refine your strategies, communication, and leadership techniques.
- Study Communication Methods: Analyze how leaders effectively communicate complex ideas in academic settings and practical solutions in industry. Notice the clarity, tone, and engagement tactics they use.
- Understand Ethical Decision-Making: Observe how leaders handle ethical dilemmas, ensuring integrity and moral responsibility in both academic research and industry practices.
- Adaptability to Contexts: Learn how leaders modify their approach when dealing with academic theories versus practical industry applications. Understand the nuances and requirements of each sector.
- Collaboration and Team Dynamics: Watch how successful leaders foster teamwork and collaboration in both academia, where research projects often require interdisciplinary cooperation, and in industry, where cross-functional teamwork is key.
- Innovative Problem-Solving: Notice how leaders in both fields use creativity and innovation to solve complex problems. See how academic theories can be applied in practical industry scenarios.
- Mentorship and Development: Observe how leaders nurture talent and encourage growth in their teams, both in academic environments and in the workplace.
- Continuous Learning and Adaptation: Recognize the importance of ongoing education and staying abreast of current trends and research in both academia and industry to inform effective leadership.
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Part 2/5: The Power of Listening: A Key to Enhancing Your Leadership Skills
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Listen more than you speak, and watch your world transform.
- Building Trust and Respect: Leaders who actively listen to their team members cultivate an atmosphere of trust and respect. This approach demonstrates that the leader values their team's opinions and insights, fostering a more open and collaborative work environment.
- Enhancing Decision-Making: Listening provides leaders with a broader perspective and more information, which is essential for informed decision-making. By understanding the viewpoints and concerns of their team, leaders can make decisions that are better aligned with the needs and goals of the organization.
- Conflict Resolution: Effective listening is key in resolving conflicts. By listening to all sides of a disagreement, a leader can understand the underlying issues and work towards a solution that addresses the concerns of all parties involved.
- Encouraging Innovation and Creativity: Leaders who listen are more likely to hear and encourage new ideas. This openness can foster an innovative culture where team members feel valued and motivated to contribute creatively.
- Improving Team Dynamics: Listening helps leaders identify and address issues within the team, whether they are related to workflow, interpersonal relationships, or resource allocation. Addressing these issues promptly can lead to a more efficient and harmonious work environment.
- Personal Growth and Learning: Leaders who are good listeners continuously learn from the people around them. This not only enhances their leadership skills but also keeps them connected to the latest trends, concerns, and opportunities within their organization.
- Employee Motivation and Engagement: Employees feel more engaged and motivated when they know their voices are heard. This can lead to increased job satisfaction, lower turnover rates, and a more committed workforce.
- Modeling Positive Behavior: When leaders demonstrate effective listening skills, they set a positive example for the entire organization. This can lead to a culture where everyone listens to each other, improving overall communication and collaboration.
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Africa, the share of sport in the economy
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It is difficult to assess the true share of sport in GDP across the African continent, as it is clear that this share varies greatly from one country to another. In Morocco, for example, this share is estimated at 1%.
The study of market shares in the sports business also shows that Africa only picks up crumbs. Africa is barely present in global statistics. The continent is undergoing globalization but benefits very little from it. Africa only plays the role of talent reserve; a kind of nursery.
The weakness of Africa's weight in the world economy is glaring here. The continent benefits little from the financial windfall from sport, just as it benefits little from the fair value of the wealth it “generously” offers to the world economy.
The very nature of sporting activity generates this anachronistic situation. Sport in America or Europe and increasingly in Asia as well, lives in part thanks to the talents that only Africa can provide on a genetic and phenotypic level. Many sports, particularly the most popular and economically promising, require particular qualities and human potential that fit perfectly with the type of young people Africa abounds with. It is almost the only continent to offer this particularity.
There is also the informal economy which has established itself as a saving palliative for young people since it allows them to benefit from cheap sports equipment. Even counterfeit or second-hand, this particularly individual equipment still allows a certain practice at a certain level. This informal activity, if encouraged and guided, can constitute the basis of a local sports economy and move into the formal sector.
Aziz Daouda
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Africa, the share of sport in the economy
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