Kof index Flashcards
KOF Index who is it made by
(The Swiss Institute for Business Cycle Research) produces an annual Index of Globalisation
How does KOF measure globalisation
Measures the social, economic and political aspects of globalisation
Uses a wide range of data such as participation in UN Peace-keeping missions to TV ownership + number of mcdonalds
How is the political side measured
39% of all score weighted
membership of IGO’s or trade blocs
Number of foreign embassies located in country
participation in international treaties
How is economic side of Kof measured
37% weighted
Long distance global flows of goods and capital
flows of fDI
How is the social side of kof measured
24% weighted
number of McDonalds
information flows by number of internet users per 1000
international phone calls and tourist numbers
Countries are scored out of
100 and the higher the number, the more globalised the country is
Advantages of KOF
Index allows a comparing degree in change in globalisation over the last 30 years
KOF index in 2009 is available for 158 countries over period of 1970-2006
Calculated with 24 variables
limitations of Kof index
results sometimes guessed due to missing values
Cultural globalisation mostly refers to the domination of US products. Arguably the US is the trend setter in much of the global socio-cultural realm
out of date measurements post
smaller countries overrepresented(uggesting there may be some bias in how the final values are calculated. Eg distances to neighboring countries are short making it easier to engage in foreign travel (eg Belgium), or there are few places to visit at home (Luxembourg).
Belgium was the top country in 2009 topping how many catogeries
favours smaller countries as borders closer
