Globalization in highly developed countries and reasons for differentiation
Globalization in highly developed countries and reasons for differentiation

Summary/Abstract: The main goal of this paper is to show the level of globalization, its changes and the reasonsof differentiation in highly developed countries. The advanced hypothesis states that a convergenceprocess is taking place in the sphere of globalization. The research methods used were the following:historical, literature, descriptive analysis and statistical methods. Statistical data used in thispaper come from KOF Globalization Index, and the World Bank Database. The research covered16 countries of Western Europe, the USA, Canada, Japan, Australia and New Zealand. The timerange of the research is 1990–2018. The conclusions of the study are as follows: highly developedcountries are the most globalized. The level of globalization in individual countries varies, but thedifferences are not considerable. Medium-sized European countries are the most globalized, whilenon-European countries are the least globalized. The index of de jure globalization is much higherthan the index of de facto globalization, especially in non-European countries. Starting from the1990s, the level of globalization has increased significantly, although it has varied considerably.The highest increase was in the less globalized countries, the lowest in the most globalized ones. Asa result, the differences between them have significantly decreased. Thus we can see the convergencein the sphere of globalization in highly developed countries. Differences in the level of globalizationrelate to land area, population number, population density, geographical location (distance fromother highly developed countries) and participation in the integration process (countries that takepart in it are virtually more globalized).

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