The evidence on globalisation potrafke 2015 the world. Globalization rankings 2015 2015 kof index of globalization globalization index ireland 91. The evidence on globalization, the world economy 383, 509. The kof globalisation index a multidimensional approach. The report series remains the most comprehensive assessment of national competitiveness worldwide. The kof index of globalization 2011 is a ranking of the most global countries based on three dimensions of globalization. Mariusrazvan surugiu and camelia surugiu procedia economics and finance 32 2015 1 8 3 the kof index of globalization registered a growth for 11 countries in the eu, and a decrease in the case of 17 countries see fig. Finally, data availability is highest at the national level. We introduce the second revision of the kof globalisation index.
Kof globalisation index 2007 version 207 1970 2015 23 comprehensive indicator covering the economic. The multidimensional globalization index of kof swiss economic institute shows a clear break for economic globalization in 2009 in 2015 kof observed for its overall index. Kof index of globalization, maastrich t globalization index and at kearney globalization index. The vector autoregressive movingaverage model with exogenous regressors varmaxregression analysis found institutional stickiness to be a more significant factor than capital flow in 61% of the observations. Each index is a separate entity, with a unique scale.
Early studies using the kof index reported correlations between globalisation and several outcome variables. Groschl 20 and the kof index of globalization potrafke 20, eppinger and potrafke 2016. Kof index of globalization is a composite index introduced in 2002 by dreher as an instrument to measure the impact of globalization on economic growth dreher 2006. This statistic indicates the opinion of the french people about the potential danger of globalization on the cultural influence of france in 2015. Pdf the kof globalisation index revisited researchgate. These indices include an overall globalization index, but also constituent economic, social, and political indices. The index is based on three dimensions, or core sets of indicators. Globalization and social justice in oecd countries pdf. A new index of globalization asian development bank. Robustness of the kof index of economic globalisation. The kof indices of globalisation are the most used globalisation measures in international economics literature, but it uses the nominal trade openness measure to construct the globalisation index.
Kof index of globalization economic globalization long distance flows of goods, capital and services. The kof globalisation index kofgi emerged as the most widely used and cited globalisation index. The original index was introduced by dreher 2006 and updated in dreher et al. Based on 42 variables, the kof globalization index 2018 covers 185 countries. Pdf the impact of globalization on regional development. Kof globalisation index kof swiss economic institute eth zurich. Kof index of globalization the kof index of globalization aims to measure the rate of globalization in countries around the world. For that indicator, the swiss institute of technology in zurich provides data for the philippines from 1970 to 2017.
Actual economic flows trade, fdi foreign direct investment and. Impact of globalization on distribution of income, poverty. The impact of capital flow was particularly significant in the united kingdom, and in northern. It was conceived by axel dreher at the konjunkturforschungsstelle of eth zurich, in switzerland. Kof are a leading swiss economic think tank that also release a yearly globalisation index. The kof index of globalization 2017 is based on 23 variables and covers 187 countries from 1970 to 2014. It has become the most widely used globalisation index in the literature potrafke, 2015. We propose an index that allows for flexible aggregation of different dimensions and characteristics of globalization. The latter are the kof globalization indices described by dreher 2006 and dreher et al. We aeffects lso employ indicators for trade openness. Kof globalisation index, introduced by dreher 2006 and updated in dreher et al. I discuss the consequences of globalisation by surveying the empirical globalisation literature. This impacts economic growth domestically and internationally. My focus is on the kof indices of globalisation that have been used in more than 100 studies.
Economic, social, and political globalization in the overall index of the globalization of 2017 is 36%, 37%, and 27%, respectively kof index of globalization 2017. The bar below shows the country relative to other countries, with the total number of ranked countries shown to the right. Advances in transportation, such as the steam locomotive, steamship, jet engine, container ships, and in telecommunications infrastructure, including the rise of the telegraph and its modern offspring. Kof globalisation index kof swiss economic institute. Economic globalization i data on actual flows trade percent of gdp world bank 2014 trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. The paper analyses the link between globalisation and economic growth in romania for a time span of 24 years.
The kof team has a rather complicated definition of globalization, namely, the process of creating networks of connections among actors at multicontinental distances, mediated through a variety of flows including people, information and ideas, capital and goods. The kof globalisation index, introduced by dreher 2006 and updated in dreher et al. The global competitiveness report 20142015 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity. It has become the most widely used globalization index in. Evidence from a new index of globalization, applied economics 38, 10. Pdf the concept of globalization is interpreted by various authors in terms of its importance or content. Development of kof index of globalization in slovakia 1995 2009. The view heat map button opens both a visual map of all countries, as well as a table of scores of all countries included in the index. Global competitiveness report 20142015 world economic forum. This database contains data on the kof index of globalization, measuring the three main dimensions of globalization. The kof globalisation index measures the economic, social and political dimensions of globalisation. We introduce the revised version of the kof globalisation index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The revised version of the kof globalisation index distinguishes. To identify the strengths and weaknesses of the kof index 2.
The kof globalisation index revisited springerlink. The kof index of globalisation is an index of the degree of globalisation of 122 countries 29 it was conceived by axel dreher at the konjunkturforschungsstelle of eth zurich, in switzerland. F4 macroeconomic aspects of international trade and financef43 economic growth of open economies. This paper discusses the measurement of globalization with a view to advancing the understanding of globalization indices. Kof globalisierungsindex kof konjunkturforschungsstelle eth. Ib dp geography introducing the kof index the kof index of globalization is an index of the degree of globalization of 122 countries. Globalisation in the economic, social and political fields has been on the rise since the 1970s, receiving a particular boost after the end of the cold war. All that said, kofs index of globalization is most certainly worth a look at.
It has become the most widely used globalization index in the academic literature potrafke 2015. The level of globalisation worldwide increased rapidly between 1990 and 2007 and has risen only slightly since the great recession. This paper uses qualitative analysis for assessing the impact of the globalization on distribution of income, poverty and inequality in india and arrives as different conclusions. The kof index of globalization was introduced in 2002 dreher, published in 2006 and is updated and described in detail in dreher, gaston and martens 2008. When using the current version of this data, please cite. Resources include query index which enables querying of the kof index of globalization in detail, a utility that enables querying of aggregated graphs of the kof index of globalization, in addition to globalization maps which displays the index of globalization overallindex in a map format. This rating is determined by measuring indias economic 43. A critical analysis of globalization indices axel dreher, noel gaston, pim martens, and lotte van boxem indices of globalization are employed in various ways.
The original index was introduced by d reher 2006 and updated. It was first published in 2002, and covered the period from 1970 until that year. The statistic shows the 100 most globalized countries in the globalization index 2018. Early studies using the kof index reported correlations.
The kof index of globalization aims to measure the rate of globalization in countries around the. Pdf the impact of globalization on economies of developed. It was first published in 2002, and covered the period from 1970 until that year 46 a new version of it was published in 2017. Future research should use the new kof globalisation index to reexamine other important consequences of globalization and why globalization was proceeding rapidly in. This chart shows globalization index 2016 globalization is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. To evaluate which is the best index for showing globalization 2. The overall index covers the economic, social and political dimensions of globalization.
The average value for the philippines during that period was 66. It has been concluded that the absolute poverty in india with the increasing globalization has fallen significantly by at the same time inequity has increased. Data from world bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the kof globalisation index and its components economic, social and political globalisation indices on economic growth rate. The kof globalisation index, introduced by dreher and updated in dreher et al. This database contains yearly dummies for the existence of imf programs and world bank projects in 160 countries, as used and described in boockmann and dreher 2003. Threat of globalization on french cultural influence 2015.
According to the kof index of globalization, in 2015 the degree. For the full country sample and the sample of emerging and developing countries, the 2sls results do not support the view that globalization influences income inequality. The current kof globalisation index reflects economic, social and political globalisation up to and including 2015. Kof index of globalization ranges from zero to hundred, where larger kof index implies that a country is in higher globalization. We therefore use use the overall kof index of globalisation dreher 2006a, and dreher et al. Table 1 reports the components and weights of the kof globalization index see the list of. Globalization index overall, economic, social, political click on the images below to view the fullsize chart in a separate browser tab or window. The statistic shows the top 100 countries in the globalization index 2015.
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