MEASURING GLOBALIZATION. ADVANTAGES AND DISADVANTAGES OF MEASURING

The paper addresses the issue of measuring globalization. First, there are given several definitions of globalization, and then its development and essence are presented concisely. Next, the most important measures of globalization (A.T. Kearney and "Foreign Policy" Index, The Center for Globalization and Regionalization - CSR Index, KOF Index of Globalization, Maastricht Globalization Index - MGI, New Globalization Index - NGI) are briefly discussed. The ranking of the top 20 countries is then presented according to two indices: KOF and MGI. Attention is drawn to the fact that, depending on the elements involved and the weightings assigned to them, the position of the states in these rankings varies. The main purpose of the paper is the measurement of globalization and presentation of the advantages and disadvantages of this measurement. The next part of the paper focuses on this issue, presenting arguments for measuring this process and arguments against measurement. The conclusion states that, given the various specific reasons, measuring globalization is necessary. It is essential to create teams, composed of specialists of different fields, who will improve the measures. It is also important to combine quantitative and qualitative research on globalization in order to be able to develop a set of complementary measures that will reflect the nature of globalization in the most comprehensive manner.