What does the KOF Index of Globalization stand for?

KOF Index of Globalization – 50 most globalized countries 2020. Globalization is defined for this index as the process of creating networks of connections among actors at multi-continental distances, mediated through a variety of flows including people, information and ideas, capital and goods.

How is the KOF Globalisation Index calculated?

The overall KOF Globalisation Index is calculated as the average of the de facto and the de jure KOF Globalisation Index. Once the weights are determined, the aggregation consists of adding up individual weighted variables instead of using the aggregated lower-level indices.

What is the top country in the globalization index?

Singapore was the leading country in the Globalization Index 2021 in the field of economic globalization. The 2021 edition of the index uses data from the year 2019. The index value for Singapore was determined at 94.28 points.

Why is the KOF index good?

The positives of the KOF index include: it takes into account many factors, easy to compare between countries, data collected yearly, lots of countries (158) and data take since 1970 so can find trends.

What are the dimensions of the KOF index?

The 2018 KOF Globalisation Index is based on 43 individual variables, which are aggregated to a de facto and a de jure index of five sub-dimensions (trade, financial, interpersonal, informational and cultural globalization), three dimensions (economic, social and political globalization) and one total index.

How often is the KOF index calculated?

Imputation of missing data The KOF Globalisation Index is calculated on a yearly basis from 1970 to 2015 and for a maximum number of 209 countries and territories.

Who invented KOF index?

Axel Dreher
The KOF Index of Globalisation is an index of the degree of globalisation of 122 countries. It was conceived by Axel Dreher at the Konjunkturforschungsstelle of ETH Zurich, in Switzerland.

What variables are used to produce the KOF Globalisation index?

How is KOF index measured?

It is measured by the number of embassies, membership of international organizations, participation in UN Security Council missions, and number of international treaties signed.

How is the KOF globalisation index calculated?

The overall KOF Globalisation Index is calculated by combining de facto and de jure indices. The wide set of globalisation indices of different dimensions and aggregation levels makes the index applicable in a large number of different settings.

What is the globalisation index?

The index distinguishes between de facto and de jure globalisation in the overall index as well as in the economic, social and political dimensions. The index measures globalisation on a scale from 1 to 100.

Are composite indicators the answer to measuring globalisation?

Composite indicators, such as the KOF Globalisation Index, present themselves as straightforward solutions because they allow to combine different variables, measuring different aspects of globalisation, into one final index. Several composite indicators measuring globalisation have been proposed in recent years.

Which dimension of globalisation increased the most in 2016?

Of all the dimensions, political globalisation increased the most. The KOF Globalisation Index also distinguishes between de facto and de jure globalisation (see box Methodology). In 2016, the conditions for globalisation improved equally in terms of de jure globalisation and de facto globalisation.