THE DEGREE OF STATE'S GLOBALIZATION ASSESSMENT IN ASPECTS OF CONVERGENCE AND INTEGRATION IN THE WORLD

Abstract

Analyses of approaches and methods to assess processes of integration and convergence adjusted the direction of the goal of the study – to assess the degree of globalization for a state by means of alternative (authors’) approach, taking into account current characteristics and trends of this process. Based on the known techniques to assess the degree of globalization as “European Integration Index for Eastern Partnership Coun-tries” and “KOF Index of Globalization”, we have expanded the existing methodology and developed an alternative index of the degree of globaliza-tion of the country, based on the model of perfect globalized and fully not globalized countries. Alternative globalization index and KOF Index of Globalization were compared to analyze the practical efficiency of each. Comparative characteristics of the alternative globalization index of the country and KOF Index of Globalization confirmed the practical efficiency and simplicity in estimation for authors’ index that is based on evidence and giving adequate evaluation. The development of new methods in this area is in demand as never before. We have taken the first steps toward an alternative approach analysis of the phenomenon of globalization.

Keywords

• globalization
• index
• integration
• convergence
• European Integration Index for Eastern Partnership Countries
• KOF Index of Globalization