Dr. Nisit Panthamit nisitp@gmail.com World Economy Dr. Nisit Panthamit nisitp@gmail.com

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 30 years and is expected to grow at the same pace by 2050. Increasing pension payments at a time of massive layoffs could result in an unsupportable burden for the world’s economies.

By the middle of the century more than 3 million people will be older than one hundred years, says the business daily RBC, quoting a United Nations report. Today the number of 100-year-olds is about 300,000.

Improved quality of health care, intensive developments in medicine, expanding access to education and economic well-being make a longer lifetime possible. But while mankind may rejoice in the opportunity 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

Inbound travel to Japan has more than doubled to 13 Inbound travel to Japan has more than doubled to 13.4 million travelers in the 10 years ended 2014, according to Japan National Tourism Administration; travelers from Asia accounted for 81% of that total, with those from China numbering 2.4 million, four times the number of a decade earlier. The share of Chinese households with annual disposable income over $55,000 has tripled just in five years, according to data provider Euromonitor.

At Bic Camera, Mr. Endo said rice cookers for foreign travelers range from ¥20,000 to ¥100,000, but most foreign customers buy models costing more than ¥50,000—and purchases of more than 10 at a time aren’t uncommon.