KOF Swiss Economic Institute, an organization that provides insights into the field of economic research, released its 2023 KOF Index of Globalization in which it ranks 203 nations based on three main dimensions of globalization, namely economic, social and political for the period spanning between the years 1970 and 2021. In details, economic globalization covers both trade flows as well as financial flows, whereas social globalization comprises interpersonal contact, flows of information and cultural proximity. The dimension of political globalization takes into consideration the number of embassies and international non-governmental organizations (NGOs), along with participation in UN peacekeeping missions, and memberships in international organizations and international treaties.

Switzerland appeared to be the most globalized country in the world in the 2023 KOF Index of Globalization, enjoying the highest score of 90.75, closely followed by Belgium (score: 90.38), the Netherlands (score: 90.32), Sweden (score: 89.01) and Germany (score: 88.97).

Regionally, the United Arab Emirates topped the list (global rank 38) with a Globalization Index score of 76.96, followed by Jordan (score: 72.59; global rank: 45) and Qatar (score: 71.41; global rank: 48). On the local front, Lebanon ranked 60^th in the world in the 2023 KOF Index of Globalization with a score of 68.83, gaining 3 positions from the 2022 KOF Index results when it scored 68.31. Lebanon came in 6^th among its’ Middle Eastern and North African counterparts, followed by Bahrain (score: 68.51; global rank: 63) and Saudi Arabia (score: 66.69; global rank: 70) only to name a few. More specifically, Lebanon scored 72.19 in economic globalization (global rank: 41), 66.82 in social globalization (global rank: 97) and 67.33 in political globalization (global rank: 101).