World trade indicators and a new approach to measure globalisation and countries' openness

Shahdad Naghshpour and Bruno S. Sergi

International Journal of Trade and Global Markets, 2009, vol. 2, issue 1, 1-24

Abstract: Since mid-1980s, globalisation has been increasingly the centre of discussion. Especially, trade globalisation has taken the centre stage. However, there are no measures for determining globalisation. This paper provides some alternative globalisation indicators. In particular, we use the concept of Z-score to divide countries into six categories of globalisation, from unglobalised to fully globalised. Although numerous studies use the sum of imports and exports for trade studies, equally as many use the imports and exports as percentages of GDP for their research. This paper demonstrates the advantages and disadvantages of each and how they affect globalisation indicators. This paper is the first attempt to create a meaningful and statistically sound globalisation index. A reliable globalisation index is the first step towards objective study of this complex phenomenon.

Keywords: globalisation; trade openness; international competitiveness; globalisation indicators; index of globalisation; world trade indicators. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=23030 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:2:y:2009:i:1:p:1-24

Access Statistics for this article

More articles in International Journal of Trade and Global Markets from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().