Ernst&Young published its annual report on globalization last week which included its Globalization Index 2012 for the 60 largest economies of the world. The index analyzes the drivers of globalization on the basis of five sub-indices: openness to trade, capital movements, exchange of technology and ideas, labour movements and cultural integration.

The Globalization Index gauges the openness of countries by 23 various indicators. For determining scores of the categories its qualitative sub indicators (information based on surveying company chief executives – soft data) and quantitative sub indicators (information from international databases – hard data) were weighted differently. For the calculation of final scores the weighting of individual pillars also varied. Thus, the main index is basically composed of 5 sub-indices which are made up by indicators.

For more informations please check the attached document!

(Ministry for National Economy)