Vietnam jumps 30 steps in the KOF Globalization Index

Vietnam has jumped 30 steps in the KOF Globalization Index 2017 thanks to its positive achievement.

Illustrative photo

Illustrative photo

Pursuant to the KOF Globalization Index, the Netherlands are still the most globalized country in the world, followed by Ireland and Belgium.

The biggest climbers in the overall index in 2014 were Liberia (+51 ranks), Vietnam (+30 ranks), Congo (+26 ranks), Vanuatu (+24 ranks) and Gabon (+17 ranks).

The index, provided by the Swiss Federal Institute of Technology in Zurich, covers 187 countries and territories with data relating to the period from 1970 to 2014. The Index comprises an economic, a social and a political component and measures globalization on a scale from 1 to 100.

The KOF Globalization Index measures the economic, social and political dimensions of globalization.

Thanks to the size of their markets, the world’s major economies are more inward-looking and tend to occupy lower ranks on the Index of Globalization. The USA, the world’s largest economy, ranks 27 (–1 rank), China 71 (+ 2 ranks), Japan 39 (no change) and Germany 16 (+ 3 ranks).

By Minh Chau – translated by Uyen Phuong

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