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NZ rises in the global ranks

Nevil Gibson

Friday 26th March 2004

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New Zealand has rocketed up eight places to eighth in an annual index of the most global nations; a reliable measure of a country's ties with the rest of the world. It is also a measure of a country's standard of living and individual wellbeing.

The 2004 ATKearney-Foreign Policy Globalisation Index, jointly produced by the management consultancy and leading US journal Foreign Policy, ranks countries on the depth of their economic links and personal contacts with the rest of the world.

Each country is assessed on how well it is integrated into the world economy, including the extent of its international trade, foreign direct investment and portfolio flows, as well as investment payments and receipts. It also monitors travel, communications, use of the internet and membership of international bodies such as the World Trade Organisation.

New Zealand was ranked high for its involvement in UN peace-keeping, technology, political engagement and telephone usage but was marked down for its lack of foreign direct investment, capital flows and income from investments.

Six small western European countries make up the top 10 along with Singapore and Canada. The US, which came in seventh, for the first time also broke into the elite group.

Australia made a huge leap, from 21st to 13th while Sweden (11th) slipped from third place. The UK fell three places to 12th. Ireland remained in first place followed by Singapore (up from fourth) and Switzerland (second).

"People in the more global countries tend to live the longest ... overall, women tend to be better off in countries that are the most globally integrated," the report says. It reached this conclusion after comparing its findings with those of the United Nations gender development index, a body whose policies are often fiercely anti-globalist.

The least globalised countries are also the poorest. They were also countries where women fared worst. The bottom five of the 62 countries ranked were Iran, India, Egypt, Indonesia and Venezuela. Tunisia was the highest ranked Muslim country at 35th.

Apart from Singapore, the only Asian country (including Japan) to make the top 20 was Malaysia. It ranked ahead of G7 nation Italy and Spain. Japan was 29th.The data was from 2002.

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