In this case,kof index is which includes all three aspects of. The index of globalization includes economic, social, and political. The paper analyses the link between globalisation and economic growth in romania for a time span of 24 years. A new index of globalization asian development bank. Missing values within a series are imputed using linear interpolation. The kof index is a score each country is given out of 100, the higher the number the more globalised the country is considered to be. The kof globalisation index is the most heavily adopted and cited globalisation index in the literature. The globalization index 2007 the world may not be flat for everyone, everywhere, but theres no turning back the clock on globalization. Globalization index country economic globalization country. Drawing on the kof data, we construct and then analyze a balanced panel of 129 countries with annual coverage of the years 19912010. In the second lesson of this module, you will learn about the kof globalization index which is a widely used composite indicator that measures the degree of globalization for every country in the world since 1970. 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. The impact of globalization on african countries economic.
Globalization produces a global economy, which is restructured by the rapid increase in global trade. In addition to three indices measuring these dimensions, we calculate an overall index of. The kof globalisation index kofgi emerged as the most widely used and cited globalisation index. This index is meant to capture direct interaction among people living in different countries. Kof is an acronym for the german word konjunkturforschungsstelle meaning. Measuring global interactions the geographer online. Social globalization country political globalization 1. In the literature, an index of globalization used is the kof index of globalization, which measures three dimensions of globalization, namely the economic, the. Kof globalisation index kof swiss economic institute.
Kof index of globalization economic globalization long distance flows of goods, capital and services. All that said, kofs index of globalization is most certainly worth a look at. This impacts economic growth domestically and internationally. It encompasses a large panel dataset including over 200 countries and territories and spans from 19702015. The kof index of globalization 2017 is based on 23 variables and covers 187 countries from 1970 to 2014. Kof globalization index 100 most globalized countries 2018. 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. The kof index of globalization 2011 is a ranking of the most global countries based on three dimensions of globalization. Globalization index overall, economic, social, political click on the images below to view the fullsize chart in a separate browser tab or window. Pdf we introduce the revised version of the kof globalisation index, a composite index measuring globalization for every country in the world along. The total number of underlying variables increases from 23 to 42 compared to the previous version of the index.
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. Figure 1 kof index of economic globalization worldwide, 2000 2010 source. The kof globalisation index revisited research collection. Our index and the economic, social, and political subindices are constructed to be consistent over time and across countries. The kof index of globalization 2017 is based on 23 variables and. Kof index of globalization constructed in dreher 2006 covers 122 countries for the period from 1970 to 2002. 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. Points of note with kof index the kof index of 2011 shows that globalization is still on the rise, driven by increased economic and political globalization, while social globalization stagnates. A widely accepted measure or measures of globalization could prove to be very useful when discussing its. The kofgi is a composite index that measures globalisation along the economic, social and political dimension for almost every country in the world on a scale of 1 least to 100 most globalised. Economic, social and political aspect of globalization on. Has been calculated for a very large number of countries over a long time period since 1970.
The total number of underlying variables had increased from 23 to 43 compared to the previous version of the index. In 2006, dreher introduced a new comprehensive index of globalization, kof, to examine the impact of globalization on growth in an unbalanced. Early studies using the kof index reported correlations. My focus is on the kof indices of globalisation that have been used in more than 100 studies. We also present the most recent kof index that is based on the 2002 kof index of globalization, covering 158 countries. The statistic shows the 100 most globalized countries in the globalization index 2018. In order to quantify the growth effects of globalization, it is necessary to start by producing a globalization. Pdf economic, social, and political globalization and. The kof globalisation index revisited springerlink. It was conceived by axel dreher at the konjunkturforschungsstelle of.
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. Our index measures the economic, social and political dimensions of globalisation for countries on an annual basis over the period 1982 to 2004, and combines these into an overall globalisation index, or score. Impact of globalisation on economic growth in romania. Actual economic flows trade, fdi foreign direct investment and portfolio investment. Future research should use the new kof globalisation index to reexamine other important consequences of globalization and why globalization was proceeding rapidly in some countries, such as south korea, but less so in others. The findings of these studies implied that openness is associated with more rapid growth. The purpose of this article is to examine the progressive position of africa in the global economy and highlight key sustainable approaches which african countries can adopt as economic development priorities as it fits into a globalized economy. That fragility is particularly apparent in this edition. Pdf the kof globalisation index revisited researchgate. The evolution of economic globalization worldwide to determine the consequences of the financial and economic crisis on globalization, the analysis will be based on the most recent raw data, available until 2010.
The overall kof index is available for 187 countries, the political globalization subindex for 207 countries, the economic globalization subindex for 150 countries and the social globalization subindex for 193 countries. 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 original index was introduced by dreher applied economics, 3810. The kof index of globalisation is an index of the degree of globalisation of countries. Policy, 2007, kof index of globalization by eth zurich dreher, 2006, globalindex by transeurope research program of the european. When using the current version of this data, please cite. In order to measure economic globalization variables such as trade, foreign direct investment, income, etc. According to the kof index of globalization 2012, belgium is the worlds most globalised country. The overall index covers the economic, social and political dimensions of globalization. The kof globalisation index a multidimensional approach. The kof index of globalization is an index of the degree of globalization of 122 countries. The original index was introduced by dreher 2006 and updated in dreher et al.
However, not all data are available for all countries and all years. The kof index of globalization aims to measure the rate of globalization in countries around the world. Notes on common globalization indexes 6 issue 7 december 2011 the restriction on trade is commonly measured by mean of tariff rate on import of goods and services. 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. Decisions are made concerning which variables should focus on the extensity, intensity, velocity or impact of the meas. The kof globalisation index, introduced by dreher and updated in dreher et al. 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. Advantages of using the kof index of globalisation 1. We introduce the revised version of the kof globalisation index, a composite. The kof globalisation index measures the economic, social and political dimension to globalisation.
Kof globalisation index, introduced by dreher 2006 and updated in dreher et al. This paper develops a new global economic integration index geii based on 25 variables for 158 economies over the period 20062014. The data is easily accessible and a yearly update includes adding an. The first part provides the methodology of measuring overall globalization with emphasis on the kof index of globalization 2007. I discuss the consequences of globalisation by surveying the empirical globalisation literature. By comparing historical values of gdp with the values that arise from the counterfactual growth trajectory, we can tabulate and compare the individual countries.
Where m i and t i are import and tariff rate on good i, respectively, and m represents total of import. We used the kof globalization index with a special bias on african countries. The statistic shows the top 50 countries in the globalization index 2018. The kof index of globalization measures the three main dimensions of globalization. Kof globalisation index kof swiss economic institute eth zurich. It distinguishes between three dimensions of globalization. Our measure of globalization is based on the kof index, which encompasses economic, social, and political dimensions of globalization. The kof globalization index provided by the eth zurich is intended as a methodological model for the index used here. Social globalization the kof index classifies social globalization in three categories.
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