Measuring Globalization
Measuring Globalization: KOF’s Index
Submitted by
S.M. Manzoor-E-Khoda
Measuring Globalisation:
Globalisation is not a new phenomenon. From the ancient era, people used to share their ideas in need of their livelihoods, survival. Globalization is a broad concept, used to describe a variety of phenomena that reflect increased economic, social and political interdependence of countries. Thus globalisation indicates global interactions, in terms of economic, political, social, cultural and environmental dimensions, as integration in a way to be globally connected. However, there are debates concerning the impacts of globalisation on the well being of the humanity, but no doubts about its existence. Many developing countries are participating to globalized world, which increased the concerns about globalization and its impacts on different aspects of life, as well. Therefore, the objective assessment of the consequences of globalization is an important agenda for contemporary development discourse. Here, it is necessary to understand it clearly which creates increasing demands of measuring it as well.
The measurement of globalisation using indices is a recent development. The globalisation indices of World Markets Research Centre (WMRC, 2001) and the A.T. Kearney-Foreign Policy (ATK/FP) are the pioneer in the field of measuring globalisation. ATK/FP index is a broader index and probably the most widely-known measure of globalisation. In addition, it is used as the benchmark for many alternative globalisation indices. Among other recent attempts to quantify globalisation, Salamon and Sokolowski’s (2004) Global Civil Society Index, Centre for the Study of Globalisation and Regionalisation (CSGR, 2006) index of the University of Warwick, the Maastricht Globalisation Index (MGI) and the index produced by the KOF Swiss Economic Institute are renowned (Dreher et el, 2008).
The KOF’s Globalization index and
Submitted by
S.M. Manzoor-E-Khoda
Measuring Globalisation:
Globalisation is not a new phenomenon. From the ancient era, people used to share their ideas in need of their livelihoods, survival. Globalization is a broad concept, used to describe a variety of phenomena that reflect increased economic, social and political interdependence of countries. Thus globalisation indicates global interactions, in terms of economic, political, social, cultural and environmental dimensions, as integration in a way to be globally connected. However, there are debates concerning the impacts of globalisation on the well being of the humanity, but no doubts about its existence. Many developing countries are participating to globalized world, which increased the concerns about globalization and its impacts on different aspects of life, as well. Therefore, the objective assessment of the consequences of globalization is an important agenda for contemporary development discourse. Here, it is necessary to understand it clearly which creates increasing demands of measuring it as well.
The measurement of globalisation using indices is a recent development. The globalisation indices of World Markets Research Centre (WMRC, 2001) and the A.T. Kearney-Foreign Policy (ATK/FP) are the pioneer in the field of measuring globalisation. ATK/FP index is a broader index and probably the most widely-known measure of globalisation. In addition, it is used as the benchmark for many alternative globalisation indices. Among other recent attempts to quantify globalisation, Salamon and Sokolowski’s (2004) Global Civil Society Index, Centre for the Study of Globalisation and Regionalisation (CSGR, 2006) index of the University of Warwick, the Maastricht Globalisation Index (MGI) and the index produced by the KOF Swiss Economic Institute are renowned (Dreher et el, 2008).
The KOF’s Globalization index and
References: 01. Dreher, A., et el. (2008) Measuring Globalization- Gauging its Consequences, New York, Springer.