The US Drops Down The Globalized Countries Rankings
The nation at the epicenter of the globalization trend loses ground in an international survey.
When debate over the good and ill of globalization was at its most fierce, the term was often equated with “Americanization”. However, that collapsing of terms seemed particularly ironic after the KOF Swiss Economic Institute recently published its latest “Index Of Globalization.” According to the results, the U.S. slipped to 27th place overall, and 43rd on more specific measures of economic globalization.
The report notes however that “As a large economy, a high proportion of [U.S.] trade is internal, which means that [it] does not ‘need’ to be as globalized as small countries.”