The article introduces the revised KOF Globalisation Index, which measures globalization along economic, social, and political dimensions. The new index distinguishes between de facto and de jure measures, disentangles trade and financial globalization within the economic dimension, and uses time-varying weights for variables. The index is based on 43 variables, an increase from 23 in the previous version. The authors use the new index to examine the effect of globalization on economic growth, finding that de facto and de jure globalization influence economic growth differently. Future research should use the new index to re-examine other consequences of globalization and why some countries, like South Korea, experienced rapid globalization while others did not. The KOF Globalisation Index is widely used and has been updated annually since 2007, providing valuable insights into the multifaceted nature of globalization.The article introduces the revised KOF Globalisation Index, which measures globalization along economic, social, and political dimensions. The new index distinguishes between de facto and de jure measures, disentangles trade and financial globalization within the economic dimension, and uses time-varying weights for variables. The index is based on 43 variables, an increase from 23 in the previous version. The authors use the new index to examine the effect of globalization on economic growth, finding that de facto and de jure globalization influence economic growth differently. Future research should use the new index to re-examine other consequences of globalization and why some countries, like South Korea, experienced rapid globalization while others did not. The KOF Globalisation Index is widely used and has been updated annually since 2007, providing valuable insights into the multifaceted nature of globalization.