Wednesday, January 8, 2003

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It's the 2003 globalization index!!

A.T. Kearney, in concert with Foreign Policy, has been publishing an annual globalization index for the past three years. Their 2003 report just came out, which includes a globalization ranking of 62 countries. Three interesting facts:

1) Globalization is correlated with environmental protection: Look at this graph. Or read this:

"The world’s most global countries rank higher in environmental performance, according to a comparison of the Globalization Index and an analysis of the Environmental Performance Index (EPI) administered by the Yale Center for Environmental Law and Policy and the Center for International Earth Science Information Network at Columbia University. Seven of the Globalization Index’s top 10 are among the EPI’s most environmentally friendly nations."

Note that this holds even after controlling for per capita income.

2) 9/11/2001 didn't stop the globalization phenomenon: The economic downturn following 9/11 did reduce cross-border flows of foreign direct investment. However:

"other aspects of globalization sustained their forward momentum. Political engagement deepened as a result of factors like international cooperation in the war on terrorism and the continued integration of China and Russia into the world economy. Membership in international organizations expanded, and while the number of U.N. peacekeeping missions declined, the number of countries participating in them grew.

Levels of global personal contact and technological integration also continued to grow, with rising numbers of Internet users and a steady expansion in international telephone traffic offsetting the first decline in international travel and tourism since 1945. Worldwide telephone traffic grew more than 9 percent to reach 120 billion minutes, while the number of Internet users grew 22.5 percent to well over 550 million people, with China alone adding 11 million new users."

3) Muslim countries are losing out. Ten countries with Muslim majority populations are included in the list. One of them (Morocco) is among the top 50% of globalizing countries -- the other nine are in the bottom half. The two least globalized countries in thesurvey? Saudia Arabia and Iran.

posted by Dan on 01.08.03 at 05:10 PM