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  Benchmarking Globalization to Boost Business Connections  Premium

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Though global connectedness, which correlates with global growth, appears to be recovering since the global economic crisis, there is still a long way to go, as the latest DHL Global Connectedness Index reveals. Global strategist and professor Pankaj Ghemawat and research scholar Steven A. Altman unpack the findings of their comprehensive study that measures the depth, breadth and directions of trade, capital, information and people flows between countries. They discuss some of the implications for multinationals, analyze the results for Spain, the United Kingdom, Germany and the United States, and suggest how globalization might evolve going forward.

Tools and Frameworks:
Examines depth (i.e., intensity relative to their domestic counterparts), distribution (breadth) and directionality trends (outward versus inward) of four Western economies -- Spain, the United Kingdom, Germany and the United States -- and tentatively suggests ways in which globalization might evolve for them.

Examples Cited:
Spain, United Kingdom, Germany, United States, South Korea, European Union

Research Basis:
Based on the authors' Global Connectedness Index, the third edition of which was published in November 2014, covering the 2005-13 period. The index covers 140 countries that together represent 99 percent of the world's GDP and 95 percent of its population. It focuses on 12 types of trade, capital, information and people flows, and is based entirely on hard data.

About the Authors:
Pankaj Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE Business School. He is also the Global Professor of Management and Strategy and Director of the Center for the Globalization of Education and Management at the New York University Stern School of Business.

Steven A. Altman is a Senior Research Scholar and Executive Director of the Center for the Globalization of Education and Management at the New York University Stern School of Business. He is a former Senior Research Associate and Lecturer at IESE Business School.
This article is based on:  Benchmarking Globalization to Boost Business Connections
Publisher:  IESE
Year:  2015
Language:  English