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Swiss move down a slot in globalisation table

Switzerland has slipped a place in the annual index of globalisation produced by Zurich's Federal Institute of Technology, dropping to fourth position.

This content was published on January 27, 2009 - 16:21

Economic researchers at the KOF Swiss Economic Institute said on Tuesday that despite slipping in the rankings, Switzerland was still among the world's five most globalised countries.

According to this year's index, Belgium and Ireland are the world's most globalised countries, followed by the Netherlands.

The index measures the economic, social and political dimensions of globalisation.

In its comments published on Tuesday, KOF said the index for Switzerland had been continuously increasing since the 1970s.

However, since the beginning of the 1990s political globalisation had been stagnating, economic globalisation had been declining since 2000 and, as was the case for most industrialised countries, social globalisation had been in a slump.

At the bottom of the 2009 rankings are Myanmar, the Democratic Republic of Congo and Burundi.

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