Globalisation becomes us: NZ holds strong on E&Y index

Globalisation becomes us: NZ holds strong on E&Y index

New Zealand has been ranked 21st on Ernst & Young's 60-country globalisation index, beating out both Australia and the US.

Hong Kong topped the charts, followed by Singapore and Ireland.

The index assesses the world's 60 largest economies on measures including openness to trade, capital movements, exchange of technology and ideas, labour movements, and cultural integration.

New Zealand did worse than average on labour movement but rated better than the global average on the other counts.

The report, however, tips New Zealand to climb to 12th position by 2016, as broadband penetration increases.