Morocco’s ranking in the recently released Elite Quality Index (EQx) by the Foundation for Value Creation (FVC) has declined to 91st place in 2024, down from 89th last year.
This raises concerns about the country’s overall socio-economic performance and the effectiveness of its elite in driving sustainable value creation.
One of Morocco’s primary areas of concern is its environment and natural capital, which has dropped to 106th place in the global ranking, raising serious concerns about long-term environmental threats, including water scarcity, desertification, and carbon emissions.
The report also reveals that Morocco has made significant progress in innovation and technology, ranking 46th, driven by the country’s accelerated digital transformation following the COVID-19 pandemic.
Morocco has also advanced to 47th position in terms of health and well-being, according to the report.
Another area of concern is equal opportunity in Morocco (ranked 92nd), which directly impacts citizen productivity and well-being. This, in turn, has dragged education and human capital to 63rd place globally.
On the global stage, the small city-state of Singapore has reclaimed the top spot in the ranking after losing it to Switzerland last year.
These two economies are vastly different politically, but the main similarity between them, apart from their small size, is the substantial sustainable value creation of their elite business models.
The top five places are occupied by the Netherlands, Japan, New Zealand, and Germany. The United Kingdom has dropped out of the top ten in this year’s ranking, falling to 11th place.
In contrast, the United States has shown improvement, moving up five places to 16th position in this year’s ranking. China also advanced one place to occupy 21st position.
The annual Elite Quality Index report, which assigns Morocco a score of 46.7 points, serves as a leading global political economy indicator.
It compares and ranks countries based on their long-term sustainability, assessing whether their elites create value and enhance the nation’s knowledge capabilities or exploit their power to selfishly increase their own wealth at the expense of society.
Elites are defined as the top 1% of a society’s political, economic, or knowledge base, operating society’s leading business models.
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