South Korea: Economic globalization

(measure: points; source: The Swiss Institute of Technology in Zurich)

South Korea: Economic globalization index (0-100)

: For that indicator, The Swiss Institute of Technology in Zurich provides data for South Korea from 1973 to 2014. The average value for South Korea during that period was 46.8 points with a minumum of 32.92 points in 1973 and a maximum of 62.35 points in 2010. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The KOF Economic Globalization Index for South Korea and other countries has two dimensions. First, it measures the economic flows between South Korea and the rest of the world in terms of international trade and international investment. The question is whether South Korea exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100. More information and the original data can be obtained here.

Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls.