Switzerland ranked second-most ‘globalised’ nation
Switzerland is the second-most globalised country in the world after the Netherlands, according to the latest edition of an index prepared by the University of Zurich. The Alpine nation has moved up from fifth place. The index prepared by the KOF Swiss Economic Institute tracks countries’ levels of globalisation across politics, economics, and society. The current edition uses data up to and including the year 2015. Surprisingly, Switzerland was not top of the pile when it came to economic globalisation, which usually lists financial or trading hubs. Its strongest showing was in the area of social globalisation, which may (like last year) be based on its high proportion of foreign residents. + Switzerland: a country with a history of exchange with the world The shift in Switzerland’s position comes as globalisation worldwide fell slightly for the first time since 1975. This was mainly due to a decline in economic globalisation, which is based on trade flows and the ...