Hong Kong keeps top spot as most globalised economy
In its globalisation index, E&Y polled 730 senior business executives worldwide last year to gauge the degree of globalisation relative to the gross domestic product of the economy. Hong Kong led with a score of 7.81 points, followed by Singapore (6.31) and Ireland (5.63).
High internet penetration helped Hong Kong remain as the most globalised economy for the third consecutive year.
Widespread accessibility to broadband connections and a high usage of personal computers had made international trade more viable in the city, said Agnes Chan, regional managing partner Hong Kong and Macau at consultancy Ernst & Young.
In its globalisation index, E&Y polled 730 senior business executives worldwide last year to gauge the degree of globalisation relative to the gross domestic product of the economy. Hong Kong led with a score of 7.81 points, followed by Singapore (6.31) and Ireland (5.63).
Hong Kong led in three of the five categories: exchange of technology and ideas, capital flow, and cultural exchange.
The survey found that computer penetration was 100 per cent in Hong Kong's big companies and 90 per cent among medium-sized enterprises.
"The clear lead that Hong Kong posted in the three categories could secure its top place till 2015," Chan said.