21 January 2017 Current Affairs: The Credit Suisse Research Institute published its “Getting over Globalization Report” on January 20, 2017 that ranks global economy in terms of being an influencer in the global system and moving towards multi polar world.
India has achieved a very low rank of 2 among the countries across the world while the list was topped by countries such as US, UK, Japan.
The index ranks each country on a scale between 1-5 with 5 being the highest and 1 being the lowest.
It also considers 5 broad criteria, economic size, hard power, soft and diplomatic power and governance quality & distinctiveness.
- South Africa
- India, Brazil and Russia
- UK, Germany, France, Italy and Spain and Japan
- US, Luxembourg, Hong Kong, Singapore, Switzerland, Belgium, Ireland, Denmark, Iceland