globalization

globalization

1. Definition:According to the International Monetary Fund (IMF) globalization as: “the growing interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and through more rapid and widespread diffusion of technology”

2. globalisation indice

   • AT KEARNEY
     • It assess the extent to which the world’s most populous nations are becoming more or less globalised. The AT Kearney Foreign Policy index measures twelve variables, which are subdivided into four “baskets” of global integration: Economic integration, personal contact, technological connectivity and political engagement.
       • There are four variables under kearney and they include the following :
         • Economic integration:
           • Combines data on international trade and foreign direct investment (FDI) inflows and outflows, international travel and Tourism
         • Political engagements
           • Includes each country’s membership in a variety of representative international organizations e.g foreign aid, treaties, organizations, and peacekeeping operations
         • Technological connectivity:
           • Counts the number of internet users internet hosts, and secure servers
         • Personal contacts
           • International telephone calls, cross-border remittances Travel