Economic globalisation — Overview
What does this section present?
This dedicated section aims at satisfying the need for information on economic globalisation from the point of view of business statistics and macroeconomic statistics. It provides background information, concepts and definitions, their proper use and interpretation, as well as gathers statistics from different Eurostat domains under one umbrella.
What are the consequences of globalisation?
Economic globalisation has led to a more connected world with far-reaching impact on production arrangements, international trade and foreign investment, economic growth, labour market and many other sectors of the economy. The growing cross-border interactions and the increase in openness of nations also bring measurement challenges for suppliers of micro and macroeconomic data, but the reading and application of statistics is also becoming more difficult.
As a consequence of globalisation, the relevance of legal national borders is fading and it is becoming more and more difficult to apply the standard definitions regarding internal (domestic or national) vs. external (foreign) economic activities. Therefore, the dividing line between resident and non-resident economic units – a major distinction for macroeconomic statistics is also fading.
This publication focuses on developments related to international trade and investment for the EU and its Member States from a business perspective.
You are not a ‘data-type’ person, but want to know more about these statistics? Then our article in ‘Statistics Explained’ is for you!
Have a look at Chapter 2 in this Eurona edition about 'Globalisation at work in statistics — Questions arising from the ‘Irish case’.
This report focus on the need to have statistical resources to fully characterize and better respond to the process of economic globalization.
Have a look at the experimental statistics section on our website dedicated to 'Full international and global accounts for research in input-output analysis' (FIGARO).