PH Most Resilient among Developing Countries

Manila Bulletin, July 19, 2015 | Go to article overview

PH Most Resilient among Developing Countries


Philippines is now being considered as one of the most resilient countries in the world in terms of adjusting and recovering from natural disasters, economic and political shocks, increasing demographics, and new technologies. KPMG International recently released its 2015 Change Readiness Index (CRI), a study that ranks 127 countries for their capacity to prepare for and respond to accelerating change brought about by everything from natural disasters and economic and political shocks, to long term trends such as demographics, and new technologies. The recent report cited the Philippines as the most change-ready country among the nations under the lower-middle income category. Produced in partnership with Oxford Economics, the CRI is the only global study of its kind, designed for use by both the public and private sectors to better inform decisions on policy making and investments. A countrys wealth is certainly a contributing factor, but many countries compensate for lesser wealth with robust governance, a strong social foundation, and a positive business environment, Timothy Stiles, Global Chair for International Development Assistance Services (IDAS) of KPMG International, said. A revealing trend from this years CRI is that countries with higher scores for more inclusive economies tend to perform better in the Index, while conversely, income inequality tends to be associated with low change readiness, he added. …

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