Measuring Globalization

“Unsatisfactory” is the word that best describes the contemporary debate over globalization. There seems to be a consensus that globalization – whether economic, political, cultural, or environmental – is defined by increasing levels of interdependence over vast distances. But few people have undertaken the task of actually trying to measure those levels of interdependence. For instance, how do we determine the extent to which a … [ Read more ]

Lord Kelvin (British physicist)

When you can measure what you are speaking about, and express it in numbers, you know something about it. But when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind.