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Globalization: Going Strong

Who has integrated best into the global economy? The A.T. Kearney/Foreign Policy Magazine Globalization Index report for 2000 amounts to a sort of quiz on interaction with the world, with points awarded for global engagement in technology, politics, personal contact and economics. Among its key findings:

  • Ireland is the most global of them all, mainly due to its economic results and high rate of international personal contact. The United States, despite its high technology rating (35 percent of the U.S. population is online), trails in 12th place. Malaysia is the only Muslim nation in the top 20; Israel is the only entrant from the Middle East.
  • International competition doesn't seem to force countries to cut taxes in order to attract foreign investors, as many argue. Look at Denmark and Sweden: high taxes, high integration.
  • Riches alone don't buy happiness. The Irishman is happiest, but earns less than half that of a German, who is less content. Happiness correlates with global interaction more than with wealth.

We can expect a slowdown in economic integration and technology, according to Foreign Policy editor Moises Naim. But political globalization is intensifying, particularly post-9-11. "You've got Al Qaeda members being tried by Americans in Cuba," he says. "What's next, a Taliban community in Miami?" Jokes aside, global recessions may interfere with economic integration, but some of the other "dimensions," as Naim calls them, will be sure to fill in the gap.

Globalization: Going Strong | News