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Taiwan ranked 24th for global connectivity

Taiwan ranks near top in Global Connectedness Index

(AP Photo/Manu Fernandez, File)

(AP Photo/Manu Fernandez, File)

TAIPEI (CNA) — Taiwan is the world's 24th most connected country, according to the latest edition of the DHL Global Connectedness Index (GCI), a detailed analysis of globalization, measured by international flows of trade, capital, information and people.

The index also saw Taiwan rank 11th out of 169 countries and territories worldwide for trade connectivity.

The new GCI report represents the first comprehensive assessment of developments in globalization across 169 countries and territories since the Brexit referendum in the United Kingdom and the 2016 presidential election in the United States.

Connectedness reached an all-time high in 2017, as flows of trade, capital, information and people across national borders all intensified significantly for the first time since 2007, according to the report.

The world's top five most globally connected countries in 2017 were the Netherlands, Singapore, Switzerland, Belgium and the United Arab Emirates.

Eight of the top 10 most connected countries are located in Europe, helping make it the world's most connected region, in particular for trade and people, according to the report.

"International trade is a key component to Taiwan's economic growth. We are located at the heart of the region, connecting Northeast and Southeast Asia. The growth of global connectedness definitely provides more business opportunities to our customers in Taiwan," said Yung C. Ooi (黃湧君), managing director of DHL Express Taiwan.

However, at the global level, the GCI indicates that even after globalization's recent gains, the world is still far less connected than many people believe.

Meanwhile, four of the top five countries where international flows exceed expectations the most are in Southeast Asia -- Cambodia, Malaysia, Singapore, and Vietnam, the index shows.