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.
Metropolis
The concept of a global city (or world city) is of a city that has a direct and tangible effect on global affairs through socioeconomic means. The term has become increasingly familiar, because of the rise of globalization (i.e., global finance, communications, and travel). An attempt to define and categorize world cities by financial criteria was made by the Globalization and World Cities Research Network (GaWC), based primarily at Loughborough University in England. The study ranked cities based on their provision of "advanced producer services" such as accountancy, advertising, finance and law. The inventory identifies three levels of world cities and several sub-ranks (see GaWC study).