MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXES

Consumers, regulators, government institutions, and the media are all directly affected by globalization. Globalization is a recognized economic phenomenon that is often seen as a catalyst for national economic growth and development. The economy, politics, and society have become more intertwined i...

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Main Author: Muhammad Rizwan HUSSAIN
Format: Article
Language:English
Published: Romanian Foundation for Business Intelligence 2022-12-01
Series:Cross-Cultural Management Journal
Subjects:
Online Access: http://seaopenresearch.eu/Journals/articles/CMJ2022_I2_5.pdf
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author Muhammad Rizwan HUSSAIN
author_facet Muhammad Rizwan HUSSAIN
author_sort Muhammad Rizwan HUSSAIN
collection DOAJ
description Consumers, regulators, government institutions, and the media are all directly affected by globalization. Globalization is a recognized economic phenomenon that is often seen as a catalyst for national economic growth and development. The economy, politics, and society have become more intertwined in the last two decades. A trend in one part of the world quickly influences development in other parts. The COVID-19 epidemic is an excellent example of this interdependence. The purpose of this study is to systematically review the literature which deals with the study of composite indices measuring globalization and its impact. This is accomplished by collecting and classifying 65 peer-reviewed publications, primarily from Scopus, Web of Science, and Science Direct, and augmented by a search of existing databases and bibliographies. This review elaborates on the six widely cited globalization indexes. The study will contribute to existing literature and theories by documenting and comparing currently used composite indices. Findings show that despite its shortcomings, the KOFGI is the most popular index with sixty three percent of globalization studies citing it followed by ATK/FP as second most cited index.
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spelling doaj.art-98f24b03b8a9496ca31ddfb2c6d7be4e2022-12-27T17:00:16ZengRomanian Foundation for Business IntelligenceCross-Cultural Management Journal2286-04522022-12-01XXIV2121142cmj:y2022:i2:p121-142MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXESMuhammad Rizwan HUSSAIN0 University of Debrecen, Károly Ihrig, Doctoral School of Management and Business Consumers, regulators, government institutions, and the media are all directly affected by globalization. Globalization is a recognized economic phenomenon that is often seen as a catalyst for national economic growth and development. The economy, politics, and society have become more intertwined in the last two decades. A trend in one part of the world quickly influences development in other parts. The COVID-19 epidemic is an excellent example of this interdependence. The purpose of this study is to systematically review the literature which deals with the study of composite indices measuring globalization and its impact. This is accomplished by collecting and classifying 65 peer-reviewed publications, primarily from Scopus, Web of Science, and Science Direct, and augmented by a search of existing databases and bibliographies. This review elaborates on the six widely cited globalization indexes. The study will contribute to existing literature and theories by documenting and comparing currently used composite indices. Findings show that despite its shortcomings, the KOFGI is the most popular index with sixty three percent of globalization studies citing it followed by ATK/FP as second most cited index. http://seaopenresearch.eu/Journals/articles/CMJ2022_I2_5.pdf globalization indexeconomic globalizationkof globalization index (kofgi)technological globalizationsocial and political globalizationernst & young’s annual globalization index
spellingShingle Muhammad Rizwan HUSSAIN
MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXES
Cross-Cultural Management Journal
globalization index
economic globalization
kof globalization index (kofgi)
technological globalization
social and political globalization
ernst & young’s annual globalization index
title MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXES
title_full MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXES
title_fullStr MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXES
title_full_unstemmed MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXES
title_short MEASURING THE IMPACT OF GLOBALIZATION ON COUNTRIES USING COMPOSITE INDEXES
title_sort measuring the impact of globalization on countries using composite indexes
topic globalization index
economic globalization
kof globalization index (kofgi)
technological globalization
social and political globalization
ernst & young’s annual globalization index
url http://seaopenresearch.eu/Journals/articles/CMJ2022_I2_5.pdf
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