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Measurement of Globalization and Its Variations Among Countries, Regions and Over Time

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Author Info

  • Bhandari, Amit Kumar

    ()
    (Kalyani Institute of Applied Research, Training and Development)

  • Heshmati, Almas

    ()
    (Jönköping University, Sogang University)

Abstract

The process of globalization is an international economic order which has led to the progressive integration of the world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the technological innovation also provides impetus to the progressive integration of the nations. The elements of globalization include free movement of goods and services, flow of capital, movement of labor and the transfer of technology. Many transition and developing countries through liberalization and increased openness to trade have benefited from the process. Apart from the economic benefits, globalization also indicates the flow of ideas, norms, information and peoples. There is a large heterogeneity in the degree of globalization over time and across countries and regions of the World, as well as within countries. The present study is an attempt to measure globalization by using both parametric and non-parametric approaches. The data cover a wide range of industrialized, transition and developing countries on the basis of their international integration. We identify the factors influencing globalization among the countries in the form of economic integration, personal contact, technology and political engagement. We isolate the contribution of the factors by quantifying the individual factor contribution to the overall integration. Finally, we investigate the links between globalization and labor market in India manufacturing industry.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1578.

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Length: 49 pages
Date of creation: Apr 2005
Date of revision:
Publication status: published in: Arno Tausch and Almas Heshmati (eds.), Roadmap to Bangalore? Globalization, the EU's Lisbon Process, the Structures of Global Inequality, Nova Science Publishers, USA, 2007
Handle: RePEc:iza:izadps:dp1578

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Keywords: globalization; economic integration; manufacturing; composite index; India;

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Cited by:
  1. 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, ScientificPapers.org, vol. 1(7), pages 20, December.
  2. TAUSCH, Arno, 2008. "On the world market trajectory of 21 major book publishing companies in globalization and European studies in 100+ countries. From “Amsterdam University Press” via “Palgrave” and “Nova Scien," MPRA Paper 9613, University Library of Munich, Germany.
  3. Tausch, Arno, 2008. "The Efficiency of Social Expenditures in the Fight Against Extreme Poverty in Europe [Die Effizienz Der Sozialausgaben Im Kampf Gegen Extreme Armut in Europa]," MPRA Paper 10612, University Library of Munich, Germany.

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