Mexico Places 36 in List Of More Globalized Countries

Mexico, place 36 in list of more globalized countries


Economy - Wednesday, January 26, 2011 (15:22 hrs)
•Hong Kong ranks first(Photo: File)
The online Financial
Davos, January 26 .- Mexico is ranked 36th in the list of most globalized countries in the world, close to the U.S. and ahead of Japan, according to a study released today by Ernst & Young.
The list, which also intervened prestigious building Study Center Economist Intelligence Unit (EIU), is headed by Hong Kong and in last place, 60, lies Iran.
United States is ranked 28 and Chile, the first Latin American country on the list, 29. Japan, the world's third largest economy, ranks Brazil 42 and 46.
The most valued of Mexico are the movement of capital and the commercial activity which is rated lower in the technology exchange.
Globalization Index developed for this report measures the performance of the 60 largest economies in the world according to 20 different indicators which are obtained by integrating key aspects of their businesses beyond their borders.
The report is titled "Winning in a polycentric world: globalization and the changing world of business" and he compares the degree of globalization reached by the largest economies in relation to its Gross Domestic Product (GDP).
The indicators are divided into five main categories: openness to trade, capital movements, exchange technology and ideas, labor movements and cultural integration.
The index measures the level of globalization in relative rather than absolute.
According to this criterion, a country's trade, investment, technology, workforce and cultural integration with other countries is measured in relation to its Gross Domestic Product (GDP) rather than by the absolute value of those elements that exchange.
The report also takes into account the results of a survey conducted in November 2010 over a thousand senior business executives around the world about what your views on the globalization.
According to the study of the audit, the 60 largest world economies will deepen the process of globalization from 2011 to 2014.
Due to the global crisis, he added, this trend was slowed in 2009 and recorded only a small step last year.


But the recovery of the global economy, technological innovation and growth in emerging markets will favor an acceleration of this process in the coming months, the researchers report.


The report noted that the major challenge for companies is to integrate two trends, in principle, opposed.


On the one hand, globalization encourages companies to expand internationally and operate globally and, secondly, the differences between each market, which also requires companies to a more local approach, said Ernst & Young. (With information from Notimex / MCH)

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