Globalisation Continues: The Maastricht Globalisation Index Revisited and Updated

Abstract

Globalisation is a complex process which leads to an increasing connectedness and interrelatedness in the political, economic, social and cultural, technological, and environmental domain on many different scales. While this is a truly global phenomenon, it also has different impacts and manifestations in different geographic localities. As a result, different nations exhibit different levels of globalisation or connectedness. Further, perspectives on globalisation are manifold and change over time, therefore it is crucial to continuously reflect upon and revise existing methodologies. Composite indices are a powerful tool to capture and measure complex concepts that allow for monitoring complex systems over time and yield relative rankings and comparisons. This article presents a revised and updated Maastricht Globalisation Index for 117 countries and three points in time—2000, 2008, and 2012—including a new calculation methodology and data. Results show that globalisation still continues but has slowed down, due to the recent economic crisis.

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