The Swiss institute KOF (business cycle research) released the index of globalization, which measures the degree of globalization of world markets, as assessed in its economic, social and political. The survey (available at the web page analyzes 207 countries based on specific parameters, which quantify the international opening. Regarding the economic aspects, it evaluates the trade exchange with foreign countries and impact of international investment on GDP, than the existence of any trade barriers and restrictions to global financial flows. The social aspect of globalization is measured, among others, according to the tourist flow, the size of the resident foreign communities, telephone and postal traffic. The circulation of international information is evaluated in terms of access to the Internet, television broadcasting, the foreign press, as well as imports and exports of books. The political dimension of globalization of a country is assessed based on the number of accredited foreign embassies, international organizations to which the country is a member, and bilateral and multilateral agreements. Based on these parameters, the Netherlands is in the lead in the globalization ranking, followed by Ireland, Belgium, Australia and Switzerland. Another <top ten> of globalization are : Singapore, Denmark, Sweden, Hungary and Canada. Morocco, which ranks 57th in the world, holds the record in Africa, followed by Mauritius (58 place), South Africa (61), Egypt (66), Tunisia (81), Seychelles (82), Namibia (98), Senegal (99) and Nigeria (103).


Source: medNews