Dr. Nisit Panthamit nisitp@gmail.com
World Economy Dr. Nisit Panthamit 1. Will Iran ready to take off? Oil Price Which Western companies are taking a hit in Russia? Time bomb: Aging population may explode global economy by 2050 The number of people over 60 years old has doubled in the past 30years and is expected to grow at the same pace by Increasingpension payments at a time of massive layoffs could result in anunsupportable burden for the worlds economies. By the middle of the century more than 3 million people will be olderthan one hundred years, says the business daily RBC, quoting aUnited Nations report. Today the number of 100-year-olds is about300,000. Improved quality of health care, intensive developments in medicine,expanding access to education and economic well-being make alonger lifetime possible. But while mankind may rejoice in theopportunity of long-life, the aging population brings new challenges. Declining Population Could Reduce Global Economic Growth By 40% Examples of regional trade agreements
Among the best known are - The European Union, - The European Free Trade Association (EFTA), - The North American Free Trade Agreement (NAFTA), - The Southern Common Market (MERCOSUR), - The Association of Southeast Asian Nations (ASEAN) Free Trade Area(AFTA), and - The Common Market of Eastern and Southern Africa (COMESA). Educating the World China Just Overtook The US As The World's Largest Economy