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KOF Index - Coggle Diagram
KOF Index
Purpose: To show the economic, social and political dimensions of globalization :
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integrates national economies, cultures, technologies and governance
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Globalization: the process of creating networks of connections among actors at multi-continental distances, mediated through a variety of flows - people, information, ideas, capital, goods
Economic
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a long distance flows of goods, capital and services
ACTUAL FLOWS
FDI Flows
the sum of net inflows and outflows of FDI, stocks of FDI (normalized by GDP) -making it comparable using GDP
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Portfolio investment
ownership of a stock, bond, or other financial asset with the expectation that it will earn a return or grow in value over time, or both. It entails passive or hands-off ownership of assets as opposed to direct investment, which would involve an active management role.
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Social
spread of ideas, information, images and people
Personal Contacts: direct interactions among people living in countries (international telecom traffic (min/person), degree of tourism- in and outgoing-
Information Flows: the potential flow of ideas and images ( number of internet users/100 people, households with television set, international newspapers trades (in GDP%)- proxy people's potential for receiving news from other countries, contributing to global spread of ideas and knowledge
Cultural Proximity- most difficult to grasp, (e.g. #of songs on national hit lists/foreign originated movies shown in cinemas: data lack for sample)
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