This manual provides guidance on how to measure and interpret measurements of globalisation's extent and intensity. The manual defines concepts and puts forward guidelines for data collection and fine-tuning of globalisation indicators. In particular, it looks at indicators related to foreign...

Rapid technological advances in information and communication technologies and their widespread diffusion have led some to speculate about "frictionless" economies where transaction costs are nearly zero, barriers to entry and contestability disappear and markets clear instantly.