1887

Measuring Globalisation: OECD Economic Globalisation Indicators 2010

image of Measuring Globalisation: OECD Economic Globalisation Indicators 2010

This second edition of the OECD Economic Globalisation Indicators presents a broad range of indicators showing the magnitude and intensity of globalisation. This process is becoming increasingly important for policymakers and other analysts, hence the need for a volume that brings together the existing measures, based on national data sources and comparable across countries. Together, the indicators shed new light on financial, technological and trade interdependencies within OECD and non-OECD countries.

Measures of globalisation include indicators on capital movements and foreign direct investments, international trade, the economic activity of multinational firms and the internationalisation of technology. In addition, the 2010 edition also includes indicators linked to the current financial crisis, portfolio investments, environmental aspects and the emergence of global value chains.

English

The financial crisis in the United States

The US household savings rate, which was already among the lowest in the OECD area, turned negative in 2005, owing to the build-up of large debts for housing. Rising housing prices created a “wealth effect” which encouraged households to contract excessive amounts of debt. In the United States between 2003 and 2008, mortgage debt increased strongly, with outstanding home mortgages nearly doubling.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error