Tuesday, May 03, 2011

Measurement

Looking especially at economic globalization demonstrates that it can be measured in dissimilar ways. This center around the four main economic flows that characterize globalization:
  • Goods and services, e.g., exports plus imports as a amount of national income or per capital of inhabitants
  • Labor/people, e.g., net migration rates; inward or outward migration flows, weighted by inhabitants
  • Capital, e.g., inward or outward direct asset as a amount of national income or per head of inhabitants
  • Technology, e.g., global research & growth flows; part of populations (and rates of change thereof) using exacting inventions (especially 'factor-neutral' technological advances such as the telephone, motorcar, broadband)


As globalization is not only an economic occurrence, a multivariate loom to measuring globalization is the fresh index intended by the Swiss think tank KOF. The index measures the three main dimensions of globalization: economic, social, and following. In adding to three indices measuring this size, an in general index of globalization and sub-indices referring to real economic flows, financial restrictions, and data on personal call, data on information flows, and data on educational nearness is intended. Data is obtainable on a yearly basis for 122 countries, as full in Dresher, Gaston and Martens (2008). According to the directory, the world's most globalized country is Belgium, followed by Austria, Sweden, the United Kingdom and the Netherlands. The least globalized countries according to the KOF-index are Haiti, Myanmar, the Central African Republic and Burundi. A.T. Kearney and Foreign Policy periodical jointly publish one more Globalization Index. According to the 2006 index, Singapore, Ireland, Switzerland, the Netherlands, Canada and Denmark are the most globalized, while Indonesia, India and Iran are the least globalized amid countries scheduled

 

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