ID :
158064
Tue, 01/25/2011 - 04:16
Auther :
Shortlink :
https://oananews.org//node/158064
The shortlink copeid
MALAYSIA RANKED 27TH ON GLOBALISATION INDEX 2010
SINGAPORE, Jan 25 (Bernama) -- By Zakaria Abdul Wahab –- Malaysia improved its global standing in the
Ernst & Young’s 2010 Globalisation Index after it was ranked 27th, below
Australia but above the United States.
In the 2009 index, Malaysia was placed 33rd.
The index measures the world’s 60 largest economies according to their
degree of globalisation relative to their Gross Domestic Product (GDP).
The Globalisation Index, which covers the period from 1995 to 2014, has five
criteria of openness to trade, capital movements, exchange of technology and
ideas, labour movements and cultural integration.
Malaysia, although ranked 27th had the same overall composite score of 4.43
as Australia, ranked 26th, while the United States ranked 28th, scored 4.41.
In 2009, Malaysia's composite score was 3.89.
The index released by Ernst & Young Monday showed Malaysia, in a score of
one to 10, attained 6.2 on the openness to trade and 5.04 on capital movements.
It achieved 4.13 on cultural integration but poorly on labour movements at
3.37 and 3.16 on exchange of technology and ideas.
Singapore (6.78) is ranked third after Hong Kong (7.48) and Ireland (7.34).
Thailand is meanwhile, ranked 37th with a score of 3.37, the Philippines at
38th with 3.74, and Indonesia in 56th spot with 3.0.
Ernst & Young also said the 60 economies would continue to globalise
steadily between now and 2014, driven by the continued global economic recovery,
technological innovation and the rise of the emerging markets.
Ernst & Young’s 2010 Globalisation Index after it was ranked 27th, below
Australia but above the United States.
In the 2009 index, Malaysia was placed 33rd.
The index measures the world’s 60 largest economies according to their
degree of globalisation relative to their Gross Domestic Product (GDP).
The Globalisation Index, which covers the period from 1995 to 2014, has five
criteria of openness to trade, capital movements, exchange of technology and
ideas, labour movements and cultural integration.
Malaysia, although ranked 27th had the same overall composite score of 4.43
as Australia, ranked 26th, while the United States ranked 28th, scored 4.41.
In 2009, Malaysia's composite score was 3.89.
The index released by Ernst & Young Monday showed Malaysia, in a score of
one to 10, attained 6.2 on the openness to trade and 5.04 on capital movements.
It achieved 4.13 on cultural integration but poorly on labour movements at
3.37 and 3.16 on exchange of technology and ideas.
Singapore (6.78) is ranked third after Hong Kong (7.48) and Ireland (7.34).
Thailand is meanwhile, ranked 37th with a score of 3.37, the Philippines at
38th with 3.74, and Indonesia in 56th spot with 3.0.
Ernst & Young also said the 60 economies would continue to globalise
steadily between now and 2014, driven by the continued global economic recovery,
technological innovation and the rise of the emerging markets.
