Global Connectedness Reached All-Time High in 2017
Global connectedness reached all-time high numbers in 2017 as a direct result of a substantial increase in, “flows of trade, capital, information and people across national borders” in a decade, according to DHL’s newly released Global Connectedness Index. Additionally, the delay of implementing key policy changes contributed to the increase of international economic growth.
“Even as the world continues to globalize, there is still tremendous untapped potential around the world. The GCI shows that currently, most of the movements and exchanges we’re seeing are domestic rather than international, yet we know that globalization is a decisive factor in growth and prosperity,” explains John Pearson, CEO of DHL Express. “Increasing international cooperation continues to contribute to stability so companies and countries that embrace globalization benefit tremendously.”
Among the countries that topped the list of “Most Globally Connected,” the Netherlands, Singapore, Switzerland, Belgium and the United Arab Emirates took the spot for top five in the world.
North America, the Middle East and North Africa ranked as the top three regions for capital and information flows.
“Surprisingly, even after globalization’s recent gains, the world is still less connected than most people think it is,” commented GCI co-author Steven A. Altman, Senior Research Scholar at the NYU Stern School of Business and Executive Director of NYU Stern’s Center for the Globalization of Education and Management. “This is important because, when people overestimate international flows, they tend to worry more about them. The facts in our report can help calm such fears and focus attention on real solutions to societal concerns about globalization.”
To read the full report, click here.