Sunday, 24 October 2010

Globalisation: Small is Beautiful

Three years ago today, The Economist published an interesting infographic regarding an important recent trend in globalisation:
Small, rich and stable countries tend to be the most globalised, at least according to an index of 72 countries by A.T. Kearney, a consultancy, and Foreign Policy magazine. The index uses 12 measures which cover economic integration, personal contact, political engagement and technological connectivity. Singapore and Hong Kong make the top spots, boosted by the larger weighting given to the economic variables of trade and foreign-direct investment as a percentage of GDP. America, not entirely convincingly, scores poorly on the economic measures. Jordan comes in ninth, helped by its top ranking for political engagement as a result of its involvement in UN peacekeeping missions. The index may be most useful for starting debates.

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