Globalization Development Within the Group of Twenty (G20) as Indicated by Globalization and Innovation Indices

Nezameddin Faghih and Mahshid Sazegar
Additional contact information
Nezameddin Faghih: UNESCO Chair Professor in Entrepreneurship
Mahshid Sazegar: Fars Engineering Association

A chapter in Globalization and Development, 2019, pp 15-48 from Springer

Abstract: Abstract This chapter undertakes a taxonomic study of globalization development within the Group of Twenty (G20) as indicated by globalization and innovation indices. This study considers the impact of innovation promotion factors on the “globalization development degree” (fi) for the G20 member states and investigates how the globalization development of G20 members relates to the innovation promotion factors extracted from the Global Innovation Index (GII) indicators, used as the secondary data for the period 2012–2017. The KOF Index of Globalization is also used as the secondary data (the corresponding data for the period 2012–2017). KOF provides a globalization index and three subindices of globalization in its three main dimensions, i.e., economic globalization, social globalization, and political globalization. Consequently, the G20 member states (including the EU) are compared with each other, and nine variables are considered during the time period 2012–2017: four variables are the KOF index and its three subindices and five variables correspond to GII country ranking scores, as well as two variables selected from the GII input subindices (institution and business sophistication) and the two output subindices, namely, knowledge and technology outputs and creative outputs. The results manifest and demonstrate coherence between G20 economies under the gravity of globalization: a good example for the emerging markets worldwide. Moreover, in the wake of Brexit, the findings of this research shed light on a historical irony: United Kingdom’s leadership in globalization development during the recent years, followed by Germany, Canada, France, and the United States. Thus, the taxonomic study reported in this chapter provides an identification of country globalization development and presents relevant information to policy-makers, who seek to apply effective strategies and policies under the impact of globalization.

Keywords: G20; Taxonomy; Globalization; KOF (globalization index); GII (Global Innovation Index) (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:conchp:978-3-030-14370-1_2

Ordering information: This item can be ordered from
http://www.springer.com/9783030143701

DOI: 10.1007/978-3-030-14370-1_2

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().