Has the world economy reached its globalization limit?

Janusz Miskiewicz and Marcel Ausloos

Papers from arXiv.org

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 in the interval 1970-2000. More recently a deglobalization process is observed.

Date: 2009-10
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Citations: View citations in EconPapers (1)

Published in Physica A 389 (2010) 797-806

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