MEASURING ECONOMIC GLOBALIZATION – FACTS AND FIGURES
The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, 2011, vol. 11, issue 2(14), 99-109
Globalization is a very dynamic and complex phenomenon. It exerts a big influence at local, national and regional level through the interconnections between countries, institutions, people, etc. that result in important changes of economic, environmental, political, social and cultural nature. Although globalization is a multidimensional phenomenon, one cannot deny that some of its most visible aspects are of economic nature. The need to measure economic globalization is now of central concern both for academic circles as for the business environment, the mass, specialized mass media and policy makers. Although it is almost impossible to capture such a complex phenomenon in a single representative figure, this paper attempts to place a theoretical debate on more solid scientific basis (in terms of economic globalization indices). In the first part of the paper, we present a brief literature review focusing on some of the different interpretations and beliefs regarding the concept of economic globalization (with reference to the economic literature to date) in order to facilitate future empirical approaches of its impact on national economies. In the second part of the paper, we highlight the extent of the process of economic globalization and the impact on the global economy (and on the Romanian economy), using three indicators quite new in literature: the KOF index of globalization, the globalization index proposed by A.T. Kearney/Foreign Policy and the CSGR Globalization Index. Also we have included in the paper other two important globalization indices – the M-GI and WMRC Index – paying attention to the economic dimension.
Keywords: economic globalization; the multidimensional globalization index; the index of economic globalization (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:scm:ausvfe:v:11:y:2011:i:2(14):p:99-109
Access Statistics for this article
The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration is currently edited by Editura Universitatii Stefan cel Mare din Suceava
More articles in The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration from "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by Liviu Scutariu ().