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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)

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    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.

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    Bibliographic Info

    Article provided by ScientificPapers.org in its journal Journal of Knowledge Management, Economics and Information Technology.

    Volume (Year): 1 (2011)
    Issue (Month): 7 (December)
    Pages: 20

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    Handle: RePEc:spp:jkmeit:1216

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    Related research

    Keywords: Globalization; Measurement; Globalization Indexes;

    References

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    1. Petra Vujakovic, 2010. "How to Measure Globalisation? A New Globalisation Index (NGI)," FIW Working Paper series 046, FIW.
    2. M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
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    12. Joseph P. Joyce, 2006. "Promises Made, Promises Broken: A Model Of Imf Program Implementation," Economics and Politics, Wiley Blackwell, vol. 18(3), pages 339-365, November.
    13. Pinelopi Koujianou Goldberg & Nina Pavcnik, 2007. "Distributional Effects of Globalization in Developing Countries," NBER Working Papers 12885, National Bureau of Economic Research, Inc.
    14. M. Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2006. "Financial Globalization," IMF Working Papers 06/189, International Monetary Fund.
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    17. Sumie & Mototsugu Fukushige, 2007. "Globalization and Economic Inequality in the Short and Long Run: The Case of South Korea 1975-1995," Discussion Papers in Economics and Business 07-43, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
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