Globalization
One index of globalization is the "KOF Index of Globalization", which measures three important dimensions of globalization: economic, social, and political. Another is the A.T. Kearney / Foreign Policy Magazine Globalization Index.
Measurements of economic globalization typically focus on variables such as trade, Foreign Direct Investment (FDI), Gross Domestic Product (GDP), portfolio investment, and income. However, newer indices attempt to measure globalization in more general terms, including variables related to political, social, cultural, and even environmental aspects of globalization.
The World Is Curved
Globalization has achieved unprecedented economic development. However, the global economy is unstable and sometimes badly agitated. Also, the era of massive wealth creation has led to the era of financial crises. Even though there was a problem, globalization was an effective means of producing wealth. Even though it has been a long time, we do not fully understand the meaning of globalization. People tend to regard the economy as static, but the global economy is very dynamic. Unlike earlier systems that large corporations and regulators have controlled to maintain their power, the new global economy is rapidly changing the way it operates through the Internet, boosting the business value of large-scale collaboration over the Internet.
We have no choice but to embrace the ever-changing global market and steer the market to avoid unintended consequences and side effects. The most important thing to stabilize the market is the 'trust'. There is no way to maintain stability since the size of the financial market has relatively grown.