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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.

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Trade in environmental goods

Exports of environmental goods in the OECD area reached USD 370 billion in 2006, or 1% of its gross domestic product (GDP) and nearly 6% of its merchandise exports. In the same year, the BRICS (Brazil, the Russian Federation, India, China and South Africa) exported USD 43 billion, which accounted for almost 1% of their GDP and 2.7% of their total merchandise exports. Over the last four years, trade in environmental goods has grown dynamically, increasing faster than total merchandise trade, particularly in the BRICS, where exports have grown at an annual average rate of 35%.

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