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.
Archaic globalization
World War I is when the first phase of modern globalization began to take force. It is said by VM Yeates that the economic forces of globalization were part of the cause of the war. Since World War I, globalization has expanded greatly. The evolving improvements of multinational corporations, technology, science, and mass media have all been results of extensive worldwide exchanges. In addition, institutions such as the World Bank, the World Trade Organization and many international telecommunication companies have also shaped modern globalization. The World Wide Web has also played a large role in modern globalization. The Internet provides connectivity across national and international borders, aiding in the enlargement of a global network.