Not even a combination of disasters have stopped the trend to global integration. Fascinating data just released from the A T Kearny survey of global integration in 2002 shows that the world networks of communication, personal contact and political engagement grew stronger despite a continued fall in foreign investment and foreign travel in that year. The annual A T Kearney survey of 62 countries looks at 17 indexes of global financial, trade, communication and political integration. The main findings in this year’s report: Globalization survived a period of considerable challenges in 2002: heightened travel alerts, stringent new security measures at airports, a major strike by dock workers at the busiest port in the United States, a string of high-profile corporate scandals in developed countries, financial market fallout from Argentina’s economic unraveling, and jarring terrorist attacks in countries such as Indonesia and Kenya. Despite all its travails, the world was more—not less—integrated at the end of 2002 than it had ever been before (A T Kearney, via “Foreign Policy”:http://foreignpolicy.com/story/files/story2493.php?PHPSESSID=7f85c095cf48d5c793c0eeee54a21b52) The annual survey—which is released with the data by Foreign Policy magazine—shows Australia rocketing up the charts of globalization from 21st place to 13th between 2001 and 2002.
Peter Gallagher is student of piano and photography. He was formerly a senior trade official of the Australian government. For some years after leaving government, he consulted to international organizations, governments and business groups on trade and public policy.
He teaches graduate classes at the University of Adelaide on trade research methods and the role of firms in trade and growth and tweets trade (and other) stuff from @pwgallagher