Morocco ranked 96 out of 167 nations in the Legatum Institute for Global Prosperity’s 2023 index assessment, moving up one point from the previous year in areas of inclusive societies, an open economy, and empowered people.
In terms of investment environment, the institute studied the improvement of many countries in the last ten years in which Morocco ranked 55.
The MENA region ranked 7 in the index, which Legatum explained by saying that “the Middle East and North Africa’s primary weaknesses are institutional. It has deteriorated the most in Safety and Security, Personal Freedom and Governance, and it also ranks last or second to last for each of these pillars.”
The region has seen rising terrorism and conflict, reads Legatum’s report, further stating more repression of freedom of speech and association, and worsening political accountability and executive constraints.
In turn, this has caused the region to lag behind the rest of the world.
Nonetheless, it has made some progress in the areas of education, living conditions, market access, infrastructure, and living conditions through improvements in adult skills and pre-primary education.
In the overall ranking, the institute said the world this year was marked by unpredictability and numerous political and economic shocks.
“We have looked back at the previous decade. We have seen that, on the most elementary level, people’s lives continued to improve around the world over that time. However, we have also observed that the gap between the most prosperous and least prosperous countries in the world has grown over time, with the least prosperous places becoming less safe, having deteriorating institutions, and weakening economies,” reads the report.
Western Europe is the first-ranked region on the index, being the most prosperous in the world, containing 9 out of the top 10 countries on the list.
Known for its economic strength, North America ranked second, as it continues to lead the list in main pillars.
East Asia and the pacific ranked third, with improving prosperity at the fastest rate in the past ten years.
Leading with high scores in living conditions and prosperity, Eastern Europe ranked fourth.
The Latin American and Caribbean region ranked fifth, with a deteriorating score over the past ten years.
“Governments are becoming increasingly authoritarian, leading to the deterioration in personal freedom and worsening governance, consequently becoming less effective and more corrupt, “explained the report.
The sixth spot went to Central and South Asia, with the fastest-improving prosperity on the list.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.