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KOF index (Criticisms (Measures like international letters and…
KOF index
Criticisms
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Anything to do with trade can be difficult to measure as countries do not know the true size of the informal economy
Measuring foreign populations can be difficult because the data can be very inaccurate because of undocumented immigrants
Some countries stay neutral and decide not to join international organizations- e.g. Switzerland this does not mean they are less globalized
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Advantages
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in 2009, the index was available to 158 countries
Allows comparing degree and changes in globalization over a large number of countries over a time period of over 30 years
Globalization
The growing interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and through the more rapid and widespread diffusion of capital