The Covid-19 pandemic has simultaneously highlighted the critical importance of effective governance while also demonstrating that traditional measures of governance – which tend to focus on governments and the maturity of political processes – need to be taken further. With this in mind, the FMG Future Governance Index was specifically designed to not only evaluate countries’ government performance in the past, but to assess governance readiness for the future.
The Future Governance Index addresses the governance readiness of 65 countries in the face of five complex global structural shifts, which we refer to as “Megatrends”, namely: Climate Change & Resource Scarcity; Technological Advancement; Ageing & Urbanising Population; Shocks & Crises; and Slowbalisation. Countries’ respective abilities to deal with these megatrends will be determined by the relative health of countries’ “Governance Bank” accounts, made up of Economic, Social and Political capital.
The index uses a comprehensive and original methodology, proprietary to FMG, with each country’s ranking computed from a database consisting of more than 100 individual measures informing a total of 90 indicators. Countries receive a ranking for each of the five megatrends, with these scores then aggregated to produce a final overall Future Governance ranking.
Through robust quantitative research and qualitative analysis, the FGI report offers evidence-based and practical solutions for governance actors on how to prepare for and prosper from the profound global changes afoot.
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“The Future Governance Index was conceived upon our conviction that for leaders and decision-makers to spearhead a whole-of-nation effort towards better governance, they need to do so with a future-focused outlook in mind. We trust that our index will bring attention to the importance of political, social and economic capital in managing megatrends, and hope that the FGI becomes an indispensable tool for countries working towards improved governance quality.”
Devadas Krishnadas
CEO of Future-Moves Group