ARE GLOBALIZATION AND GOVERNANCE INTERRELATED? EVIDENCE AMONG WORLD ECONOMIES
Journal Title: Journal of Globalization Studies - Year 2016, Vol 7, Issue 2
Abstract
This paper is to explore a new way to look at globalization and governance. The objective of this paper is to quantify the degree of globalization together with the degree of governance. The differences of our indices from existing literatures are that we use principal component analysis for both indices, and we improve on how indices are computed by taking Lockwood (2004) suggestions; and we also improve on the variables in the indices such that looking at the pair indices at the same time would reflect the interaction of globalization and governance for individual economies. We include intra-industry trade in the globalization index such that the degree of globalization is more accurately reflect in the index. We include aspects that reflect the quality of life, namely, health, education and quality of labor, on top of institutional governance in the governance index. Unlike the existing literatures, we do not intend to concentrate on decomposing various factors of globalization and governance; instead, we believe that policy makers can make use of the pair indices to formulate their governance policies to accommodate and advance the globalization process of their economies.
Authors and Affiliations
Michael Chi Man Ng
Keywords
Related Articles
- EP ID EP263055
- DOI -
- Views 105
- Downloads 0
Contemporary Globalization and New Civilizational Formations
In this article I would like to examine some specific aspects of contemporary globalization as they bear on the crystallization of new distinct civilizational formations. The new very intensive processes of contemporary...
AFRICA'S PLACE IN GLOBALIZATION:AFRICA, EURASIA, AND THEIR BORDERLANDS
Africa is commonly marginalized in global social studies, whether of present or past. This essay makes the case for the substantial importance of Africa through a systematic comparison with Eurasia. It documents the larg...
Democracy and Dissatisfaction
The global spread of elections (frequently free and sometimes fair) and the universal acceptance of the language of human rights have become the distinctive feature of politics in the beginning of the new century. By 200...
RE-ORIENT? UNDERSTANDING CONTEMPORARY SHIFTS IN THE GLOBAL POLITICAL ECONOMY
This article analyses the logic of the current global economic crisis by using the IMF estimates of economic growth in 180 countries (IMF 2009), and links the results to the ‘Re-orient’ approach, put forward by Frank (19...
THE POLITICS OF GLOBAL WARMING: SCIEMOCRACY AND THE RESCUE OF THE KOBAYASHI MARU
The 2014 Intergovernmental Panel on Climate Change argues that the world's governments must act now to mitigate the imminent and existential threat of global warming and avert an environmental catastrophe. The report sug...