East Asian Cities top new globalization giants index

East Asian nations have deepened and broadened their global connections even as international trade remained weak, according to the fourth Global Connectedness Index (GCI) released by DHL.


East Asian nations have deepened and broadened their global connections even as international trade remained weak, according to the fourth Global Connectedness Index (GCI) released by DHL.

Th e new report, a detailed analysis of 140 countries, measures depth and breadth of connectedness by cross-border flows of trade, capital, information and people. The GCI identified Singapore as the world’s most deeply-connected economy, followed closely by Hong Kong, while South Korea and Japan ranked fourth and fifth respectively when measuring the breadth of international relationships. In the overall connectedness index, capturing both depth and breadth, Singapore is the world’s second most connected country.

For the first time ever, this year’s report also introduces two new city indices, which identify “Globalization Hotspots” and “Globalization Giants” based on the intensity and volume of their international flows. Singapore leads both new indices, with Hong Kong close behind as both a globalization giant (2nd) and hotspot (3rd). Th e new report also reveals that cities in East Asia & Pacific average the highest scores in the Giants ranking.

“Despite globalization advancing only modestly, international trade remaining under pressure, and a wave of increasingly protectionist rhetoric emerging in Europe and the Americas, East Asia & Pacific nations have continued to maintain and even expand their relationships with one another and the rest of the world,” said Alfred Goh , President, Global Fast Growing Enterprises & Regional Head of Customer Solutions & Innovation, Asia Pacific, DHL.