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 intermediate goods
Due to the increasing importance of international production sharing and global value chains, trade in intermediate inputs has been steadily growing. Previous research has shown that multinational companies are more dependent on international sourcing than “domestic” firms. Intra-firm trade among affiliates and the parent company within the multinational network has resulted in higher trade flows of intermediate inputs and a higher ratio of use of foreign inputs over domestic inputs.
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