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Rethinking globalization: a modified globalization index

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  • Pim Martens

    (University of Maastricht, Open University Netherlands, Zayd University)

  • Daniel Zywietz

    (University of Maastricht)

Abstract

This paper discusses conceptual and operational issues involved in measuring globalization. We propose a modified index for measuring globalization. The suggested index is based upon the A.T. Kearney|Foreign Policy Globalization Index, but is improved both conceptually and operationally. We used data for 117 countries from a variety of resources to test the robustness of the suggested index. Furthermore, the results are compared with two recent globalization indices (the A.T. Kearney|Foreign Policy Globalization Index and the World Markets Research Centre G7-Index). The new index is used to delineate the various countries according to their level of globalization. Copyright © 2005 John Wiley & Sons, Ltd.

Suggested Citation

  • Pim Martens & Daniel Zywietz, 2006. "Rethinking globalization: a modified globalization index," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(3), pages 331-350.
    • Handle: RePEc:wly:jintdv:v:18:y:2006:i:3:p:331-350
    DOI: 10.1002/jid.1223
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    References listed on IDEAS

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    1. Farhad Noorbakhsh, 1998. "The human development index: some technical issues and alternative indices," Journal of International Development, John Wiley & Sons, Ltd., vol. 10(5), pages 589-605.
    2. Pritchett, Lant, 1996. "Measuring outward orientation in LDCs: Can it be done?," Journal of Development Economics, Elsevier, vol. 49(2), pages 307-335, May.
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    Cited by:

    1. 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.
    2. Khaled Elmawazini & Sonny Nwankwo, 2013. "Globalisation and Income Gap between Rich and Poor Nations," Economic Issues Journal Articles, Economic Issues, vol. 18(2), pages 19-40, September.
    3. Noumba, Issidor & Nguea, Stéphane Mbiankeu, 2023. "Assessing the role of globalization for universal electricity access," International Economics, Elsevier, vol. 174(C), pages 180-195.
    4. 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.
    5. Hyeon‐Seung Huh & Cyn‐Young Park, 2021. "A new index of globalisation: Measuring impacts of integration on economic growth and income inequality," The World Economy, Wiley Blackwell, vol. 44(2), pages 409-443, February.
    6. Huynh Thi Dieu Linh & Truong Ngoc Linh, 2023. "Impacts of globalisation on economic growth in Europe Union countries," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 13(1), pages 87-102.
    7. Jörg König & Renate Ohr, 2013. "Different Efforts in European Economic Integration: Implications of the EU Index," Journal of Common Market Studies, Wiley Blackwell, vol. 51(6), pages 1074-1090, November.
    8. Nicole Palan & Nadia Simoes & Nuno Crespo, 2021. "Measuring fifty years of trade globalisation," The World Economy, Wiley Blackwell, vol. 44(6), pages 1859-1884, June.
    9. Sebastian ENEA & Silvia PALASCA, 2014. "Assessing Economic Vulnerability In The European Union," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 90-103.
    10. Chen, Lurong & De Lombaerde, Philippe, 2014. "Testing the relationships between globalization, regionalization and the regional hubness of the BRICs," Journal of Policy Modeling, Elsevier, vol. 36(S1), pages 111-131.
    11. Lukas Figge & Kay Oebels & Astrid Offermans, 2017. "The effects of globalization on Ecological Footprints: an empirical analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(3), pages 863-876, June.
    12. LUPU, Iulia, 2013. "A Foray Into The Tangle Of Globalization Measurement," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 17(2), pages 8-20.
    13. Sethi, Pradeepta & Bhattacharjee, Sankalpa & Chakrabarti, Debkumar & Tiwari, Chhavi, 2021. "The impact of globalization and financial development on India’s income inequality," Journal of Policy Modeling, Elsevier, vol. 43(3), pages 639-656.
    14. Olasehinde-Williams, Godwin & Balcilar, Mehmet, 2020. "Examining the Effect of Globalization on Insurance Activities in Large Emerging Market Economies," Research in International Business and Finance, Elsevier, vol. 53(C).
    15. Callaghan, Christian William, 2021. "Consequences of deindustrialisation for globalisation: Insights for international business," International Business Review, Elsevier, vol. 30(3).
    16. Arribas, Iván & Pérez, Francisco & Tortosa-Ausina, Emili, 2009. "Measuring Globalization of International Trade: Theory and Evidence," World Development, Elsevier, vol. 37(1), pages 127-145, January.

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