Taiwan was ahead of the world`s two largest economies on the Ernst & Young`s 2010 Globalization Index, which ranked the United States at 28th and China at 39th.
The annual index measures and tracks the performance of the world`s 60 largest economies according to 20 separate indicators that capture the key aspects of cross-border integration of business.
Ernst & Young has authored the annual Globalization Index report in cooperation with the Economist Intelligence Unit, which said that, after a brief pause in 2009 and a modest rebound in 2010, the world`s 60 largest economies will continue to globalize steadily between now and 2014, driven by the continued global economic recovery, technological innovation and the rise of emerging markets.
Hong Kong remained the world`s most globalized economy in 2010, followed by Ireland and Singapore.
Among other Asian economies, Malaysia ranked 27th, South Korea was at 33rd, Vietnam was at 34th and Japan was in 42nd position.
The indicators measured in the Ernst & Young Globalization Index fall into five broad categories: openness to trade; capital movement; labor movement; exchange of technology and ideas; and cultural integration.
Taiwan`s 2010 average score rose from 4.9 points in 2009 to 5.15, but its ranking dropped one notch to 12th.
(T.A051/M016/P003)
Editor: Priyambodo RH
Copyright © ANTARA 2011
