Jordan ranks 45th in Globalisation Index 2020

AMMAN — Jordan ranked 45th globally and 3rd among Arab countries in the Globalisation Index 2020, which measures the strength of globalisation within a country.

The Jordan Strategy Forum (JSF) on Wednesday issued the paper “Briefly”,  which showed that the Globalisation Index 2020 indicated that Switzerland, the Netherlands and Belgium occupied the first three ranks in the world, while Jordan ranked 45th out of 196 countries, with a score of 73.4/100, the Jordan News Agency, Petra, reported.

At the level of Arab countries, the Kingdom ranked third, where the UAE topped the list of Arab countries with a score of 75.5/100, followed by Qatar with 75.3/100.

The index, according to the paper, consists of three main aspects with a set of sub-indicators: The economic aspect, which includes the share of foreign trade in GDP, foreign direct investment and securities investments, in addition to international debt, and the obstacles facing foreign trade operations.

Second is the social aspect, which includes the volume of calls with the outside world, the volume of the flow of foreign tourists, the proportion of foreigners in the total population, and data on the flow of information and Internet access, press freedom, the number of international students and immigration rates.

The third aspect is the political one, which includes sub-indicators related to the number of embassies in the country, membership in international organisations, and participation in the tasks of the UN Security Council, including peacekeeping operations.

According to the index, the Jordanian economy is one of the most open economies to the outside world, and therefore any fluctuations or economic shocks facing the countries “related or influential” to the Jordanian economy will reflect on the dynamics of the local economy and on the level of supply and demand in the local market.

In this regard, the JSF stressed the importance of discussing policies that enhance the resilience of the Jordanian economy and give policy makers a wider margin for manoeuvering and decision-making.