The Globalisation Index, published yesterday by Foreign Policy Magazine and management consultants AT Kearney, lists Ireland as by far the most ‘globalised’ country in the world.
The Index, which is published annually, lists 62 states and shows that Ireland is ahead of both traditional large economies like the US and small open economies like Singapore in terms of inward international investment, particularly in hi-tech industries, level of international trade, political engagement and level of international capital transactions.
The European Union scores highly overall, with The Netherlands, Sweden, Finland, Denmark and Austria also in the top 10. The UK was placed 10th and the US 12th. Japan appears in 38th place.
The study, which is based on figures for the year 2000, shows the Ireland’s reliance on US investment from technology companies particularly as one of the reasons it tops the index.
It also cites membership of the EU and adoption of the euro, the well-developed tourist industry and advanced telecommunications infrastructure as other indicators.
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