UAE has emerged number five in the KPMG 2015 Change Readiness Index, just behind Singapore, Switzerland, Hong Kong and Norway, and ahead of developed economies like United States, United Kingdom and Japan.
It is the only Arab country that made it to the top five. Qatar, however, is trailing behind in the seventh place. Produced in partnership with Oxford Economics, the index rated 127 countries for their capability to prepare for or respond to change caused by financial crises, political shocks and natural disasters. It looked at the business environment, technology access, as well as fiscal, regulatory and security capabilities, among several other indicators, of 127 countries. The UAE scored highly in terms of economic openness, which is ranked third in the world, as well as in business environment (ranked 4th), infrastructure (4th), technology infrastructure (4th), labour market (5th) and economic diversification (9th).
