Ireland to top most globalised nations

IRELAND is on course to become the most globalised nation on Earth next year and will retain the position until at least 2014, according to Ernst & Young and the Economist Intelligence Unit (EIU).

The Ernst & Young Globalisation and the Changing World of Business report, which has been released to coincide with the World Economic Forum in Davos, shows that Ireland has overtaken Singapore to become the world’s second most globalised nation, second to Hong Kong in the globalised nation hierarchy.

The index has five measurements to assess a country’s global ranking, including its openness to global trade, global capital movements, global exchange of technology and ideas, global labour movements and cultural integration. Each criteria’s weighting was validated by 1,000 global business leaders.