Friday, April 27, 2012 -
Kazakhstan was ranked fifth out of 60 developing and emerging economies in a new study that assessed the capacity of developing markets in handling the rapidly changing global economy.
The ‘Change Readiness Index’ placed Kazakhstan ahead of Malaysia, in 7th position, and China in 13th place using economic, governance, and social measures.
Chile came in first, followed by Tunisia, Taiwan, and Jordan.
The study was developed by consultants KPMG International and UK-based Overseas Development Institute (ODI) think tank.
Russia placed 51st in the listing.
None of the other Central Asian republics made it to the top 60 listing.
The ranking combined several existing indicators such as strong governance, risk management capabilities, an emphasis on economic diversification, and social safety nets.
It also took into consideration corruption levels, entrepreneurship, the relationship between government and business, the investment environment, and the health of civil society.
KPMG and ODI sourced some of their information from the Economic Intelligence Unit.
The idea of such as study was first proposed last year at the World Economic Forum in Davos.