Small States and Globalization: the Issue of Clusters and Indexing
Small States and Globalization: the Issue of Clusters and Indexing

Summary/Abstract: The fact that there is a myriad of definitions of the term globalization indicates the importance of this process. Globalization takes place in different cultural environments, which are often a conglomerate of different cultures and traditions. The world is becoming increasingly small and the global competition bigger. It is to be expected that in the future, the opposition to the globalization will grow, and new alternatives to it will emerge. Although it is often emphasized that large states reap the fruits of the globalization, research results indicate that small states also have an opportunity to prosper in the globalization process. Clusters enable better positioning of small countries and enhance global competitiveness. Measurement of globalization calls for availability of balanced data on various indicators in order to create a realistic picture of the studied issue. Quantitative measurements of the globalization and the quest for new measurement models and indexes are complemented by qualitative analysis. The globalization indexes indicate that small countries can also be successful and that some of them are among the most globalized countries in the world.

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