Has the world economy reached its globalization limit?

Janusz Miśkiewicz and Marcel Ausloos

Physica A: Statistical Mechanics and its Applications, 2010, vol. 389, issue 4, 797-806

Abstract: The economy globalization measure problem is discussed. Four macroeconomic indices of twenty among the “richest” countries are examined. Four types of “distances” are calculated. Two types of networks are next constructed for each distance measure definition. It is shown that the globalization process can be best characterised by an entropy measure, based on entropy Manhattan distance. It is observed that a globalization maximum was reached during the interval 1970–2000. More recently a deglobalization process has been observed.

Keywords: Time series; Econophysics; Entropy; Networks (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:389:y:2010:i:4:p:797-806

DOI: 10.1016/j.physa.2009.10.029

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