Özet:

In international trade, the level of integration of a country's market with that of other countries, in other words, the level of its globalization is the most important issue. This has been measured by using the Open Markets Index (OMI) published by the ICC since 2011. However, the fact that the scope of the index is limited to 75 countries is considered to be an important limitation. In this study, alternative to the open markets index, a new market openness index (OMI_2) including 166 countries for the year 2016 was developed. The difference of the index - calculated by using the TOPSIS method - from the original in terms of variables is that the strength of legal rights, the ease of doing business index, tax rates and the port quality index were also added to the calculation. In the study, four sub-indices have been developed, and these are the infrastructure development, trade policy, foreign direct investment and trade openness indices. Afterwards, by using these indices, a new index called OMI_2 has been developed. Moreover, countries are divided into three groups respectively as high, medium, and low. As a result of the study, it has been concluded that the ranking obtained by using OMI_2 is generally similar to that of OMI, the countries are highly accurately classified by using OMI_2, the countries greatly differ from each another in terms of their infrastructure developments, and the countries are similar to each other in terms of trade openness policies they have implemented.

Anahtar Kelimeler: