KOF Index Summary: Communications & Media Essay

KOF Index Summary
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KOF Index Summary
Globalization has been a vital factor in understanding growth or failures in various aspects of the global economy. The KOF index, to that extent, has been a vital factor. The index ranks nations on their social, political, and economic performances and how such performances influence globalization. The US is normally ranked with XX labels on its social, economic, and political performances as opposed to other nations that are allocated numbers. That has raised questions, such as why the US would exhibit such a unique treatment, that this paper intends to explore. The symbolic representation of US performance on KOF social, economic, and political indices is majorly rooted in the deficiencies of the ranking systems of KOF that do not incorporate conclusive data to warrant exact scores.
The KOF index analyses should revitalize its ranking criteria to incorporate the exact performances of the US in its key performance indicators. The specifics of the index are that it is measured on a nation’s fulfilment of various prospects that reflect such a nation’s motivations towards globalization (Gygli et al., 2019). Factors such as the number of international treaties signed, participation in the UN Security Council missions, membership of international organizations, and the number of embassies are all considered while developing the rankings. The US does fulfil some of the above criteria. However, barely do they reflect on the social, economic, and political policies of a nation.
The US is also faced with unique incidences that other nations in the ranking system do not face thereby rendering their data in the indices inadequate. The size and geographical location of a nation play a significant role in calculating the indices. That explains why smaller countries domi...