Magazine article Insight on the News

Getting Global

Magazine article Insight on the News

Getting Global

Article excerpt

The United States places 12th in a new ranking of countries measuring globalization trends.

Singapore comes in first and the United States 12th in a new survey that attempts to measure a country's exposure to the forces of globalization. The index, compiled by the journal Foreign Policy and the business consulting firm A.T. Kearney, is an effort to quantify a phenomenon that has prompted both hope and fear as technology and economic change reshape the world.

"There are many definitions of globalization out there," says Moises Naim, editor of Foreign Policy. "What you don't get are the real scope and reach of what people are talking about. We decided to put some numbers to it."

Researchers looked at 50 countries accounting for 95 percent of the world's economic output in 1998. Among the nine factors they considered: trade as a percentage of gross domestic economy, percentage of the population using the Internet, foreign direct investment and the number of minutes of international phone calls per capita. While the United States scored highest among the top 20 countries in terms of technological innovation and the Internet, other countries ranked far higher in their interactions with the global economy and the exposure of their citizens to those outside the country.

After Singapore, a commercial and financial center for much of Southeast Asia, the next eight spots were held by Western European countries, led by the Netherlands, Sweden and Switzerland. …

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