{"id":77968,"date":"2024-04-17T00:00:00","date_gmt":"2024-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/"},"modified":"2024-04-17T00:00:00","modified_gmt":"2024-04-17T00:00:00","slug":"globalization-has-not-gone-into-reverse-dhl-report-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/","title":{"rendered":"Globalization has not gone into reverse, DHL report says"},"content":{"rendered":"

MENA ranked third in terms of overall connectedness in trade, capital, <\/strong>people, and information in 2022<\/strong>, out of a total of seven world regions, and up from 2021\u2019s fourth place, according to DHL and NYU Stern\u2019s Global Connectedness Index 2024 (pdf)<\/a>. The report ranks countries in terms of their international trade, capital, information, and people flows.<\/p>\n

The breakdown on how MENA performed:<\/strong> The region came second following Europe in terms of depth of flows, and third in terms of breaths, following North America and Europe. In terms of the four pillars of trade, capital, information, and people flows, MENA came second in trade, on the back of the region\u2019s high profile in energy trade and close commercial ties to Europe, fourth in capital and information flows, and third in people flows, the report said. <\/p>\n

GCC states buoyed the region\u2019s rankings: <\/strong>While the report does not spell out what put MENA at its ranking, it does attribute a diverse range of economies to the region, with oil-rich GCC states robust connectedness to the rest of the world in terms of trade, investment, and people flows, buoying the region\u2019s ranking. Meanwhile, North African states are also well-connected to Europe due to geographical proximity, the report also said, with both these dynamics contributing to MENA placing second in trade after Europe. <\/p>\n

The UAE was the region\u2019s strongest performer<\/strong>, coming in eighth place globally in terms of overall connectedness, and up three places from its 2017 ranking. The oil-rich state also featured as seventh place in terms of countries with largest international flows relative to domestic activity and saw greater increases in terms of connectedness than any other country since 2001. <\/p>\n

Bahrain, Lebanon, and Jordan saw the best improvements regionally in overall scores<\/strong>, with Bahrain\u2019s boost attributed to increases in merchandise exports and inbound M&As, the report said. Bahrain saw the largest increase globally in its overall connectedness score, boosting 3 points, and gaining seven ranks in global rankings since 2017. Lebanon saw a 2.5 increase in its overall score, and gained three spots in rankings, as the country\u2019s merchandise imports and outbound M&As recovered following a collapse in the previous year. Jordan saw its score gain 1.9 points when compared to 2021. <\/p>\n

Peace + security are key determinants of regional countries' global connectedness:<\/strong> Libya saw the best improvement worldwide in the past five years, with its overall score boosting 6.3 points and the country gaining an extraordinary 55 places in rankings, as improvements to security saw international flows recover, the report said. Conversely, turmoil in Yemen saw the country shed 5.4 points when compared to 2021, and place next to last globally in 2022\u2019 rankings, the report noted. Countries with a \u201cbasic level of security\u201d, such as UAE and Qatar, were able to attain sustained increases in connectedness by deploying strategies to boost logistics, freezones, and capital flows. Qatar saw a four place boost in overall ranking when compared to 2017.<\/p>\n

Other MENA countries that increased in rankings:<\/strong> Tunisia and Morocco saw some of the largest leaps in ranking, climbing 16 and 11 places since 2017 to settle at 50 and 52 worldwide. Algeria also gained 10 places, placing it at 120, while Iraq also gained 8 places to rank at 101. Despite gaining 1 rank, Yemen ranked at 181, next-to-last globally after Guinea-Bissau, the report explained. <\/p>\n

Which MENA countries were worse off? <\/strong>Iran dropped 18 places to settle at 135, as sanctions continued to limit the country\u2019s access to global trade and capital flows. Egypt dipped 7 ranks to 103, while Israel also fell two spots to 61, and Oman notched down one spot to 68. KSA declined three ranks to 49, while Kuwait also fell 13 places to 58. Despite seeing a gain to its overall score, Jordan fell six places to rank at 70. <\/p>\n

Contrary to common narratives, globalization is still going strong: <\/strong>Despite many predicting that geopolitical and policy changes would see a rolling back in international flows, trade, capital, information, and people flows have proved resilient, the report said. International flows grew faster than those within countries between 2021 and 2022, with global connectedness reaching an all-time high in 2022 and projected to remain roughly the same in 2023. <\/p>\n

The report also rebuts the trope that globalization is giving way to regionalization and <\/strong>trade within geopolitically-aligned blocs: <\/strong>Despite diminishing trade ties between China and the US, the two global economic giants continue to remain \u201csignificantly connected,\u201d according to a press release<\/a> coupled with the report, with data as a whole not pointing to trade fragmenting along geopolitical lines. Trade is also not being regionalized, on the contrary, most trade is unfolding \u201cover stable or even longer distances, with a declining share happening inside major geographic regions,\u201d the statement added.<\/p>\n

Who topped the global leaderboard?<\/strong> Singapore came out on top in terms of overall connectedness, followed by the Netherlands, and Ireland. <\/p>\n","protected":false},"excerpt":{"rendered":"

GCC states buoyed regional performance<\/p>\n","protected":false},"author":1,"featured_media":77969,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[255],"tags":[230,254,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-dhl","tag-the-macro-picture","tag-trade","wpautop","entry"],"acf":{"mongo_id":"36b3b0a0-532d-4bd4-9ae7-3cb3fc3fe8b9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1595.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Globalization has not gone into reverse, DHL report says","related_issue":[77958],"teaser":"GCC states buoyed regional performance","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.58d264f8-bb02-4dce-a404-965e9cac8bf4.mp3"},"yoast_head":"\nGlobalization has not gone into reverse, DHL report says - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Globalization has not gone into reverse, DHL report says\" \/>\n<meta property=\"og:description\" content=\"GCC states buoyed regional performance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Globalization has not gone into reverse, DHL report says\",\"datePublished\":\"2024-04-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\"},\"wordCount\":792,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DHL\",\"THE MACRO PICTURE\",\"trade\"],\"articleSection\":[\"The Macro Picture\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\",\"name\":\"Globalization has not gone into reverse, DHL report says - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-17T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Globalization has not gone into reverse, DHL report says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Globalization has not gone into reverse, DHL report says - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/","og_locale":"en_US","og_type":"article","og_title":"Globalization has not gone into reverse, DHL report says","og_description":"GCC states buoyed regional performance","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/","og_site_name":"Logistics","article_published_time":"2024-04-17T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Globalization has not gone into reverse, DHL report says","datePublished":"2024-04-17T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/"},"wordCount":792,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1","keywords":["DHL","THE MACRO PICTURE","trade"],"articleSection":["The Macro Picture"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/","name":"Globalization has not gone into reverse, DHL report says - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1","datePublished":"2024-04-17T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"Globalization has not gone into reverse, DHL report says"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/77968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=77968"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/77968\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/77958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/77969"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=77968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=77968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=77968"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=77968"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}