Monday, March 20, 2006

 
EUROPE & GLOBALIZATION. THE 2005 GLOBALIZATION INDEX AND THE "EU EFFECT"
. A.T. Kearney: Measuring Globalization

Management consultants A.T.Kearney, in association with Foreign Policy, have released the 2005 Globalization Index. The index measures up to twelve variables arranged into four "baskets": (1) economic integration; (2) technological connectivity; (3) personal contact; (4) political engagement (commitment to multilateral initivatives).

Overall, European countries show up in prominent positions, especially Ireland, the Netherlands and the Nordic countries. However, Ireland lost the top position, as Singapore deepened both its "multilateral" commitments and its trade relations with the U.S. to capture to # 1 spot.

Interestingly enough, the report mentions the so-called EU effect: countries that aspire to become members tend to score big improvements in the index. This was especially the case for Croatia, Romania and the Ukraine, which saw big jumps in trade and investment flows. Excellent news!

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