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Index of Globalization: Austria leads the field

8. March 2016

Austria has secured fourth place in the ETH Zurich’s renowned KOF Index of Globalization, which examines and ranks 187 countries.

Austria has been awarded an impressive fourth place in the current Index of Globalization announced by KOF, the Swiss Economic Institute at the ETH (Swiss Federal Institute of Technology) Zurich, making it one of the most strongly globalized countries in the world. Austria successfully beat off challenges from Switzerland, Singapore, Denmark, Sweden, Hungary and Canada, with only the Netherlands, Ireland and Belgium achieving a higher score.

The current KOF Index of Globalization reflects a country’s economic, social and political globalization for the year 2013, without making any value judgements; KOF has thus concluded that globalization continues to stagnate among the industrial nations, while the index has risen in Eastern Europe and Asiatic and Pacific areas.

It comes as no surprise that smaller nations in particular are more intensely globalized. Thanks to the size of their domestic markets, large economies are more inward-looking and correspondingly tend to bring up the rear on the Index of Globalization: the USA, the largest economy in the world, is therefore in 34th place, with China at 73rd, Japan at 48th and, in 27th place, Germany.

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