Change readiness index:

Lanka first in South Asia

The recently released results of the 2012 Change Readiness Index have ranked Sri Lanka at the 22nd place among 60 developing and emerging world economies and first among South Asian countries. The survey conducted by KPMG International in collaboration with researchers from the Overseas Development Institute (ODI) has assessed the level of change readiness across 60 countries with a focus on developing and emerging markets.

India was ranked 23th, Bangladesh 45th, Nepal 50th and Pakistan 54th.

In introducing the results of the first Change Readiness Index, the researchers say in the current uncertain economic conditions, countries, businesses and institutions around the world are undergoing unprecedented change with new challenges and opportunities every day and some countries, however, are better able to manage and mitigate the risks associated with change and capitalize on new opportunities.

They have evaluated the need and opportunity for a new forward-looking index - the Change Readiness Index - to assess the capability of individual countries to manage change.

The Index is based on the premise that the underlying capability of a country to manage change is dependent on certain fundamental characteristics.

From this, a set of indicators were identified as influencers on a country’s underlying capability to manage change and these factors have been categorised into three broad groups - economic capabilities, governance capabilities and social capabilities. Each category has been assigned a score and a rank.

Courtesy: priu.gov.lk