New research by global business services firm, KPMG, ranks Singapore as the country best prepared to face change such as natural disasters, new technology or demographic change.
KPMG’s 2013 Change Readiness Index (CRI) was compiled in partnership with Oxford Economics.
Among the key findings, the CRI revealed that a country’s wealth is not always a determining indicator of its ability to respond to and manage change, with a number of lower income countries ranked as having greater change readiness capability than some more “developed” countries.
Timothy A.A. Stiles, KPMG’s Global Chair of International Development Assistance Services and a partner with KPMG in the U.S., commented on the trend:
“Wealth and high per capita income are closely correlated with change readiness, but income is not an insurmountable barrier to enhanced economic and social resilience. This is an encouraging message for lower income countries, where strong institutions and governance can provide stability in time of stress and potentially open the door to new opportunity.”
Countries which ranked well shared many of the same qualities; dynamic business environments, stable and effective governments, skilled populations, and strong civil societies.
2013 Change Readiness Rankings
- New Zealand
- Saudi Arabia
- United Kingdom
- United States
- South Korea