It also has a political, social, or cultural dimension.
Of course, globalization is not only about economics. It also has a political, social, or cultural dimension. The political one, for instance, refers to increasing global governance via international institutions or growing alignment of national policies. It involves both benefits (such as coordinated crisis strategies) and costs (such as less national self-determination), too. By and large, these are even harder to measure and evaluate than purely economic ones. That, however, is no reason to leave them out of the equation. Instead, it is motivation to look for new measures and tools to assess them.