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According to the fourth annual Latin Globalization Index from Latin Business Chronicle.
The index of 18 countries looks at six factors that measure a country’s links with the outside world:
• Exports of goods and services as a percent of GDP.
• Imports of goods and services as a percent of GDP.
• Foreign direct investment as a percent of GDP.
• Tourism receipts as a percent of GDP.
• Remittances as a percent of GDP.
• Internet penetration.
The Latin Globalization Index – the most extensive of its kind – aims at measuring how the region overall and each country individually fares when it comes to globalization. By measuring as a percent of GDP rather than by real numbers, the index reveals the impact of key globalization benchmarks on a nation’s economy.Panama once again stands out as the most globalized country in Latin America, followed by Costa Rica.
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