globalisation L9 how do we measure globalisation

Question 1

what does the KOF INDEX measure?

Answer 1

the economic, social, & political dimensions of globalisation to give it a score out of 100

Question 2

How does the KOF INDEX measure the economic, social & political aspects?

Answer 2

Economic:
- trade deals
- FDI

Social:
- spread of ideas, info & people
- telephone traffic
- tourism

Political:
- membership & active participation in international organisations

Question 3

Advantages of the KOF INDEX?

Answer 3

• wide range of globalisation data that is available
• allows for comparisons between countries
• uses a weighing system that takes into account missing data & rebalances discrepancies

Question 4

DISadvantages of the KOF INDEX?

Answer 4

• bias — smaller countries over represented at the top
• internet skews data
• informal economies discounted
• illegal migrants not included

Question 5

KOF INDEX key figures

Answer 5

1. Switzerland
2. Belgium
3. Netherlands
4. Sweden
5. UK
6. France
7. USA
8. South Korea
9. Japan

Question 6

A.T. KEARNEY World Cities Index — What does it do?

Answer 6

ranks 156 world cities based on commerce & business activity (economic power)
Also considers cultural experiences, sporting events, & political engagement.

• Designed to track cities’ growth as populations grow & migration patterns change

Question 7

A.T. KEARNEY key figures

Answer 7

1. NYC
2. London
3. Paris
4. Tokyo
5. Singapore
6. LA
7. Hong Kong