No country is immune to change. Whether the ‘change’ in question is a natural disaster, financial crisis, or an economic opportunity brought about by new technology, how a country’s government, private enterprise and civil society prepares for and reacts to that change has a significant impact on the welfare of its citizens and institutions. Take urbanization as an example. Today over half of the global population lives in cities, creating unprecedented demands on energy, food security, and human development. Conversely, urbanization also drives innovation, economic growth, and social inclusiveness, particularly when supported by coordinated policy and strategic investments. As the urban population doubles by 2050 mostly in developing countries, it is imperative to use all tools at our disposal to transform this change into positive social and economic impact. The pace of change is accelerating beyond cities. Two years ago, 193 countries pledged to eliminate poverty and hunger, and to fight climate change through the Sustainable Development Goals (SDGs). These 17 targets have the potential to deliver unprecedented economic and social dividends for citizens in both the developed and developing world. But how well these targets are implemented depends on a country’s ability to identify and prepare for the required change to make them a reality. Access to high-quality data is a key step for stakeholders in the public, private and civil society sectors to prioritize development initiatives and investments needed to meet the changes required by the SDGs while navigating fiscal constraints. Anticipating Change Since 2012 KPMG have published the Change Readiness Index, a data-driven tool designed to measure how effectively a country’s institutions—government, private sector, and people and civil society—manage and respond to this challenge. Using a combination of primary and secondary data, the CRI paints a comprehensive picture of change readiness in 136 countries which are home to 97 percent of the World’s population. A wide range of public and private organizations can benefit from the data and insights provided by the CRI to better understand country needs and tailor interventions to identified demands. For example, the CRI can be used to:
- Improve government policy by benchmarking a country’s competitive advantages and identifying areas in need of reform;
- Inform investment decisions by highlighting the strengths and weaknesses of target countries and providing a better understanding of risk;
- Identify opportunities for public and private sector partnerships by highlighting relative strengths and weaknesses in capabilities and resources; and
- Benchmark national strengths and weaknesses to other markets in the region and beyond, gauging performance across business issues such as technology adoption, macroeconomic framework, and business environment.
The views presented in this article are the author’s own and do not necessarily represent the views of any other organization.