Romania went up 32 positions, to the 49th position in the ranking by the ability to respond and adapt to major changes or shocks it would face, from the “Change Readiness Index 2017″ research published by KPMG on Wednesday.
Bhutan and Italy have also made comparable progress.
Romania went up 19 positions in terms of companies’ readiness level, 35 positions in the governmental capacity to face changes and 19 positions in the capacity of the civil society and population.
KPMG’s Change Readiness Index (CRI) analyses the capacity of 136 countries to respond to:
- shocks such as financial and social instability, but also to natural disasters;
- political and economic opportunities and risks, related to technological, competitive and governmental changes
Romania is surpassed by countries like the Czech Republic (25), Poland (28), Slovakia (30), Armenia (34), Kazakhstan (42) and Hungary, on 44th. Bulgaria – position 50, Serbia – 51, Republic of Moldova – 60, Turkey – 62, Russia – 72 and Ukraine, on 95th, are behind Romania.
Our country obtained a score of 0.542 points, compared to the highest score of 0.820 points, obtained by the first ranked Switzerland, and the last ranked, Somalia, with 0.221 points.
Sweden, the Netherlands and Germany are among the rich countries best prepared to deal with shocks such as large-scale migration, due to their solid social security system, educational programs and economic opportunities. Syria and Somalia are at the bottom of this ranking.
„Countries ranking first are those having a comprehensive approach to growth,” said Trevor Davies, Global Director of KPMG. The CRI index highlights areas that need improvement, which can help policy-makers, companies and donors.
At the same time, „income inequality is one of the main factors that hold many countries back. States from the top positions have a less disproportionate distribution of incomes and are certainly better prepared for change because they have a higher degree of flexibility in their economy,” said Trevor Davies, quoted by Reuters.
