Which Countries are Prepared for Change? A Forward-Looking View

International Banker, October 2017

Posted: 28 Jun 2022

See all articles by Martin D. Chrisney

Martin D. Chrisney

Inter-American Development Bank; IDAS Institute KPMG

Date Written: August 27, 2017

Abstract

Increasingly rapid technological advances, the mobility of people and ideas, and the growing severity of global shocks, such as pandemics and climate-related disasters,will likely favor countries that are able to respond effectively and decisively to change. The evidence from the Change-Readiness Index (CRI) supports this view and shows that the right mix of policies and institutions builds on a strong foundation of government, enterprise and civil-society capabilities. When governments are effective, markets function well, and civil society has a strong voice; countries have the capabilities necessary to create sustained, inclusive growth. Data for 4 countries is examined to look for success factors in adapting to change.

Keywords: shocks, developing economies, change readiness

JEL Classification: P51

Suggested Citation

Chrisney, Martin D. and Chrisney, Martin D., Which Countries are Prepared for Change? A Forward-Looking View (August 27, 2017). International Banker, October 2017, Available at SSRN: https://ssrn.com/abstract=3203765

Martin D. Chrisney (Contact Author)

IDAS Institute KPMG

KPMG
1801 K. St.
Washington, D.C., 20006
United States

Inter-American Development Bank ( email )

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