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.
Criticisms of globalization
John Gray described globalization as a post-Cold War American triumphalism, and stated “global laissez faire is an American project.” Globalization is a project in which American ideals and values are executed and implemented into other countries. However, this effort has been criticized, mainly by the examination of America today. In America, there are high levels of economic and social inequalities as the gap between the rich and poor are great. Furthermore, America has the highest rates of incarceration, and anxiety due to economic uncertainty is great. The criticism that follows is that the implementation of the American system into other countries may reproduce these negative effects.