Malaysia Ranked Seventh in 2012 Change Readiness Index

KUALA LUMPUR, June 28 (Bernama) -- Malaysia is ranked seventh out of 60 developing and emerging economies worldwide in the "2012 Change Readiness Index", by KPMG International and the Overseas Development Institute (ODI). The report provides insights into which countries are better prepared to cope with change and leverage resulting opportunities. Managing Partner of KPMG in Malaysia, Mohamed Raslan Abdul Rahman said Malaysia fared particularly well in the areas of investment climate and diversification policies, in the index. "You only need to look at the impact of the Economic Transformation Programme and the regulatory reforms in response to the global economic impact to see the importance of achieving a greater understanding of a country's change readiness. "The result of the Index is surprising and, when verified, is expected to provide important new insights for policy development and donor action aimed at strengthening government and national capability," he said in a statement, Wednesday. The Change Readiness Index adopts a forward-looking perspective, capturing the underlying factors that are likely to determine a country's capability for managing change, which in turn may be indicative of sustained growth in the long term. It combines data from a number of existing indicators with new measures that have been identified to capture specific elements of change readiness that are not currently being captured. -- BERNAMA