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Globalization Measurement: Notes on Common Globalization Indexes

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  • Parisa SAMIMI

    (Department of Management, Mobarakeh Branch, Islamic Azad University, Mobarakeh, Isfahan, Iran, Faculty of Management and Human Resource Development, Universiti Teknologi Malaysia (UTM), Johor, Bahro, Malaysia)

  • Guan Choo LIM

    (Faculty of Management and Human Resource Development, Universiti Teknologi Malaysia (UTM), Johor, Bahro, Malaysia)

  • Abdul Aziz BUANG

    (Faculty of Management and Human Resource Development, Universiti Teknologi Malaysia (UTM), Johor, Bahro, Malaysia)

Abstract

Globalization is a broad concept casually used to describe a variety of phenomena that reflect increased economic, social and political interdependence of countries. Despite the increasing awareness on globalization, it is interesting to note that there is no any universally accepted definition and there is no standard measurement for globalization. Along with the growing number of countries participating in globalized world, there have been increasing concerns related to the globalization and its impacts on different aspect of life. Looking at the way globalization affects us, there is a need to measure globalization not only to know the effects of it, but also to manage it. A number of globalization measurements have been proposed. In this paper, we provide a taxonomy which categorized recent globalization measurement based on its definition to single and synthetic indexes. We then describe the indicators, method and availability of data, and analyses some of their shortcomings. In addition, we compare the indexes with respect to some criteria. Our survey concludes that selection of a good globalization indexes for the study depends on the objectives and the sample of the study. The findings of this study can help researchers as a guide line to select best index for their studies or develop new and better measurement.

Suggested Citation

  • Parisa SAMIMI & Guan Choo LIM & Abdul Aziz BUANG, 2011. "Globalization Measurement: Notes on Common Globalization Indexes," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 1-20, December.
    • Handle: RePEc:spp:jkmeit:1216
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    3. Manuel Dorado-Moreno & Antonio Sianes & César Hervás-Martínez, 2016. "From outside to hyper-globalisation: an Artificial Neural Network ordinal classifier applied to measure the extent of globalisation," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(2), pages 549-576, March.
    4. Zouri, Stéphane, 2019. "Business cycles,bilateral trade and international financial intergration : Evidence from Economic Community of West African States (ECOWAS)," MPRA Paper 98748, University Library of Munich, Germany.
    5. Sudhanshu K. MISHRA, 2017. "Measuring degree of globalization of African Countries on almost equimarginal contribution principle," Journal of Economics Bibliography, KSP Journals, vol. 4(4), pages 345-353, December.
    6. Carolyn Chisadza & Manoel Bittencourt, 2016. "Globalisation and Conflict: Evidence from sub-Saharan Africa," Working Papers 634, Economic Research Southern Africa.
    7. Sudhanshu K. MISHRA, 2017. "Trends in globalization of select Asian countries," Journal of Economic and Social Thought, KSP Journals, vol. 4(4), pages 451-466, December.
    8. Ha-Chi Le & Thai-Ha Le, 2023. "Effects of economic, social, and political globalization on environmental quality: international evidence," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(5), pages 4269-4299, May.
    9. Zouri, Stéphane, 2020. "Business cycles, bilateral trade and financial integration: Evidence from Economic Community of West African States (ECOWAS)," International Economics, Elsevier, vol. 163(C), pages 25-43.
    10. Christos Kollias & Suzanna-Maria Paleologou, 2017. "The Globalization and Peace Nexus: Findings Using Two Composite Indices," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 131(3), pages 871-885, April.
    11. Yan Wang & Tao Zhou & Hao Chen & Zhihai Rong, 2019. "Environmental Homogenization or Heterogenization? The Effects of Globalization on Carbon Dioxide Emissions, 1970–2014," Sustainability, MDPI, vol. 11(10), pages 1-23, May.
    12. Zouri, Stéphane, 2019. "Business cycles,bilateral trade and international financial intergration : Evidence from Economic Community of West African States (ECOWAS)," MPRA Paper 95275, University Library of Munich, Germany.

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