Coming soon
Meet Yodatai! The world’s first Digital Data Assistant. Learn more and get your early invite now!
Go
An error occured. Details Hide
You have unsaved pages. Restore Cancel

DHL released the third edition of its Global Connectedness Index (GCI), a detailed analysis of the state of globalization around the world. The latest report, authored by internationally acclaimed globalization expert Professor Pankaj Ghemawat together with Steven A. Altman, shows that global connectedness, measured by cross-border flows of trade, capital, information and people, has recovered most of its losses incurred during the financial crisis. Especially the depth of international interactions – the proportion of interactions that cross national borders – gained momentum in 2013 after its recovery had stalled in the previous year. Nonetheless, trade depth, as a distinct dimension of globalization, continues to stagnate and the overall level of global connectedness remains quite limited, implying that there could be gains of trillions of US dollars if boosted in future years.

The DHL Global Connectedness Index aims to provide the most comprehensive and timely account of the world’s global connectedness, backed up by regional and country level analysis covering 140 countries that encompass 99% of the world’s GDP and 95% of its population. It focuses on 12 types of trade, capital, information, and people flows (or stocks cumulated from past flows) and is generated based entirely on hard data to separate the facts about global connectedness from fiction or “globaloney.”

Depth measures countries’ international flows relative to the size of their domestic economies. While all the established globalization indexes devote some attention to depth, the DHL Global Connectedness Index is the only one to register the steep drop-off in trade and capital flows that accompanied the global financial crisis.

In addition to depth, the DHL Global Connectedness Index also looks—unlike other globalization indexes—at breadth as well as several other measures of the distribution of international interactions. Breadth measures how closely a country’s distribution of international flows across its partner countries matches the global distribution of the same type of flows.

 

Source of data: DHL, Global Connectedness Index

 

Related Data Insights

Number of Starbucks Stores Globally, 1992-2016

Today Starbucks is the largest coffeehouse company in the world, with 24,395 retail locations as of the first quarter of 2016, followed distantly by such coffee shop chains as Dunkin Donuts with about 10,000 restaurants, Tim Hortons with 4,300 outlets, and Costa Coffee with nearly 1,700 stores worldwide. Starbucks was founded in 1971 in Seattle, Washington, and incorporated on November 4, 1985 to become the publicly traded Starbucks Corporation. Based on the company's positive, sustained operating results, it is ranked among Forbes' top-500 world's biggest public companies. As of 2015, Starbucks' profit was $2.5 billion and it had a market...

2017 International Business and Consumer Research Conference (IBCR)

The 2017 IBCR conference covers two thematic areas. The first theme is about contemporary service management and service experience. The second theme is about tourism and hospitality experiences in the digital era. Two keynote speakers are invited: Professor Evert Gummesson and Professor Jay Kandampully. Also, three well-reputed journals will participate in the conference by publishing outstanding papers from the conference. These are Journal of Service Management (Section), Journal of Retailing and Consumer Services (Special issue), and Journal of Hospitality and Tourism Management (Special issue). This conference is not open to the...

Country Outlook (Economic, Business Environment and Health Sector)

The Index of Economic Freedom

The Heritage Foundation and The Wall Street Journal have recently updated The Index of Economic Freedom, which shows the advancement in economic freedom, prosperity, and opportunity across 186 countries. The Index covers 10 freedoms from property rights to entrepreneurship, which represent a comprehensive analysis of countries' economic conditions in a clear and friendly format. With Knoema's flexibility you can easily observe each of these sub-indices on the radar chart by clicking the country on the map, or by choosing the indicator of your interest from a dropdown list above the dashboard. Note: each of the sub-indices and the Overall...