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Rabat - Morocco is the country with the highest change readiness in North Africa, a new study has shown.
The study conducted by Netherlands-based auditing company KPMG and Oxford Economic Group ranked Morocco in the 56th place in the 2015 Change Readiness Index (CRI).
The index measured the effectiveness of governments, private and public enterprises, and people & civil society in 127 countries to anticipate change and take advantage of investment opportunities.
The report combined data from 22 primary survey questions that were gathered from 1,270 country experts around the world, and dataset made up of more than 120 secondary variables clustered into 73 secondary data indicators within the index.
Other data sources included the World Economic Forum, World Bank, Legatum Institute, International Monetary Fund and United Nations.
The CRI is structured around three pillars: enterprise capability, government capability and people & civil society capability, all of which signify a country's underlying ability to manage change.
Morocco was ranked 44th in enterprise capability, 56th in government capability and 78th in people and civil society capability.
The United Arab Emirate is the highest performer in the Middle East and North Africa region, ranking 5th, followed by Qatar (7th), Israel (21st), Saudi Arabia (22nd), Jordan (37th), Morocco (56th), Tunisia (64th), Egypt (83rd), Algeria (85th), Libya (96th), Yemen (112th), and Syria (118th).
Morocco also ranked the third most change-ready country in the African continent behind Cap Verde (51st) and Namibia (53rd), and ahead of Botswana (58th) and South Africa (61st).
Algeria registered the biggest gain in this year's rankings, thanks to "impressive improvements in its enterprise and government capability," the report said. It also climbed more than 20 places in the World Economic Forum 2015 Global Competitiveness Index.
The 2015 Change Readiness Index has found that growing wealth disparity is making it harder for many countries to deal with financial shocks.
Top countries with higher than expected change readiness scores based on gross national income: Mozambique, Cambodia, Rwanda, Tanzania and Uganda.
Singapore came on top of the ranking, followed by Switzerland, Hong Kong, Norway, the United Arab Emirates, New Zealand, Qatar, Denmark, Sweden and Finland.
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