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Global economy is forecast to slowdown in the coming months, with a 2023 growth forecast at 2.7 per cent and a decreased 2024 forecast at 2.9 per cent. The US is expected to fall into recession in late 2023, while Europe's growth remains sluggish. On the bright side, India’s economy is robust with strong demand, and the ASEAN region maintains healthy growth.

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Falling fertility rates pose significant challenges for the global economy, according to a recent report by the World Bank. The report highlights that fertility rates have been declining globally since the 1960s, with some countries experiencing rates below replacement level. This trend is expected to continue, with potentially far-reaching consequences for economies and societies worldwide. The report cites several factors contributing to the decline in fertility rates, including increased…

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Globalization - some definitions Jan Aart Scholte (2000: 15-17) has argued that at least five broad definitions of 'globalization' Globalization as internationalization. Here globalization is viewed 'as simply another adjective to describe cross-border relations between countries'. It describes the growth in international exchange and interdependence. With growing flows of trade and capital investment there is the possibility of moving beyond an inter-national economy, (where 'the principle…

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