Denmark no. 7 most globalised country in the world
09 March 2015
Denmark is the 7th most globalised country in the world according to Swiss Federal Institute of Technology Zurich.
The KOF Globalization Index by Swiss Federal Institute of Technology Zurich (ETHZ) measures the economic, social and political dimensions of globalisation, observing changes in the globalisation of a series of countries over time. The current Index includes 23 variables and covers 187 countries.
Denmark takes the 7th place in the global ranking.
“The World Bank ranked Denmark number one in Europe for ease of doing business in 2012-2015. The country’s high level of globalisation is one factor adding to Denmark’s attractiveness for foreign investors, businesses and talent”, says Claus Lønborg, CEO, Copenhagen Capacity.
Three dimensions of globalisation
The economic dimension of globalisation comprises the extent of cross-border trade, investment and revenue flows in relation to GDP as well as the impact of trade and capital transaction restrictions.
The political dimension of globalisation comprises the sum of gross inflows and outflows of goods, services, income and financial items, the sum of arrivals and departures of international tourists as a share of population, the number of foreign or foreign-born residents in the country, the number of people with access to the Internet as well as cultural proximity, including number of IKEAs per capita.
The political dimension of globalisation is measured in terms of number of foreign embassies in the country, the number of UN peace missions in which the country has been engaged and the number of bilateral and multilateral agreements the country has concluded since 1945.
Read the ETHZ’s press release
and see the full Index ranking