Wednesday, November 13, 2019

Identify several highly globalized nations.

The global economy is on the rise, and many nations are increasing their industrial output for the global market. A measure of a country's degree of globalization will take into consideration its social, industrial, political, and economic impact on a worldwide scale. The KOF Swiss Economic Institute is generally considered to offer the best metric for globalization. Starting with data from 1970, KOF looks at 23 variables when measuring a nation's level of globalization. According to a 2018 report, the following countries are the most globalized. As you will see, most highly globalized nations are in Europe.
1. Belgium2. Netherlands 3. Switzerland 4. Sweden 5. Austria 6. Denmark 7. France 8. United Kingdom 9. Germany 10. Finland 11. Norway 12. Hungary 13. Ireland 14. Canada 15. Czech Republic 16. Spain 17. Portugal 18. Italy 19. Luxembourg 20. Estonia 21. Slovak Republic
https://www.statista.com/statistics/268168/globalization-index-by-country/


According to the Swiss Economic Institute, the fifteen most highly globalized countries are Ireland, the Netherlands, Belgium, Austria, Singapore, Sweden, Denmark, Portugal, Switzerland, Finland, Hungary, Canada, the Czech Republic, Spain, and Luxembourg. These countries have streamlined their policies and regulations to enable goods and services to flow freely in and out of the country. These countries also charge international goods low tax tariffs (less than 10%), and their ports are easily accessible. For example, the Netherlands is known as the most connected country in the world because it allows easy access to the rest of Europe with its well-established water transport, road, and air networks. In addition, countries that are members of the EU on this list have standardized tariff charges.
https://investinholland.com/news/the-netherlands-is-the-worlds-most-connected-country/

https://www.politico.eu/sponsored-content/ireland-globalizations-poster-child/

https://www.weforum.org/agenda/2015/10/the-worlds-most-globalized-countries1/

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