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Index of Globalization: Austria leads the field

May 16, 2017

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, Denmark, Sweden, United Kingdom, France and Hungary, with only the Netherlands, Ireland and Belgium achieving a higher score.

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 27th place, with China at 71st, Japan at 39th and, in 16th place, Germany.

The current KOF Index of Globalization reflects a country’s economic, social and political globalization for the year 2014. Based on 23 variables, the KOF Globalization Index 2017 covers 187 countries. According to the KOF Index of Globalization, the degree of globalization was higher in 2014 than in the preceding year, and the rise was the most significant since 2007.

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