Measuring globalization is not a simple exercise due to the lack of a common interpretation of its boundaries”, especially when the study focuses on the growth process of regions or countries interacting in an open economy.There is a large consensus that it results from the dynamic interaction, driven by economic integration, between different factors which are related to social awareness and to human progress. This paper stems from the need to take a further step towards the construction of a multidimensional framework averaging different elementary dimensions of globalization in order to achieve an overall assessment of integration across countries. By adding new indicators to our previous works, a composite index (GL-index) is implemented to classify forty selected OECD and Non OECD countries. In this connection, we consider a data set of 12 variables selected as proxies of the main dimensions of sustainable globalization in 2010.
A simplified globalization index: the GL-index.
CASTAGNA, ALINA;FURIA, Donatella
2012-01-01
Abstract
Measuring globalization is not a simple exercise due to the lack of a common interpretation of its boundaries”, especially when the study focuses on the growth process of regions or countries interacting in an open economy.There is a large consensus that it results from the dynamic interaction, driven by economic integration, between different factors which are related to social awareness and to human progress. This paper stems from the need to take a further step towards the construction of a multidimensional framework averaging different elementary dimensions of globalization in order to achieve an overall assessment of integration across countries. By adding new indicators to our previous works, a composite index (GL-index) is implemented to classify forty selected OECD and Non OECD countries. In this connection, we consider a data set of 12 variables selected as proxies of the main dimensions of sustainable globalization in 2010.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
