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Wed, 16 Jul, 2014 12:00:30 AM
Times- Xinhua Report, July 16

 

Photo AFP-Lehtikuva.
Eurostat, or the statistical office of the European Union (EU), on Tuesday published a set of indicators to monitor the globalization of the EU economy.
    
The indicators identify five aspects of economic globalization, namely international trade, foreign direct investment, employment, value added of multinational enterprises and internationalization technology, according a Eurostat statement.
    
Twelve indicators are included in this framework, one of which is the share of trade in goods and services in percentage of gross domestic product (GDP).
    
In the EU, this share increased between 2004 and 2013, except for a fall in connection with the financial crisis in 2009. In 2013, EU imports were equivalent to 42 percent of GDP and exports to 45 percent.
    
Another indicator showed that both outward and inward investment has grown steadily between 2004 and 2012 in the EU. In 2012, EU outward FDI stocks in percentage of GDP were equivalent to 40 percent of GDP and inward stocks to 30 percent.  
 
 
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