New ETH study: Switzerland is the most globalized country

class = “sc-cffd1e67-0 fmXrkB”>

However, the overall level of globalization in 2021 was still below the pre-pandemic level. According to the KOF Globalization Index survey published on Wednesday, Switzerland’s top ranking is due to its particularly high exports and imports, its influential role in the global financial sector and the presence of a large number of international organizations.

Small countries are often more interconnected with larger economies and neighboring countries, leading to higher levels of globalization. In contrast, large countries such as China and the United States show more complex patterns, they say.

According to the research, European countries such as Sweden, England, Austria, Germany, Denmark, Finland and France are also in the top ten. This is largely due to economic, social and political integration within the EU.

However, in the year 2021 examined, as the study shows, globalization has not yet fully recovered compared to 2019. However, there was a recovery after the sharp decline in 2020 due to the collapse of trade and international relations due to the impact of the pandemic.

This is especially true for low-wage countries. According to the research, the level of globalization in some countries has exceeded the pre-crisis level.

(SDA)

Source :Blick