Globalization update.

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A NEW GLOBALIZATION

Soaring digital flows of information now exert a larger impact on GDP growth than the centuries-old trade in goods.

The size of the world's cross-border bandwidth has grown 45 times larger than it was in 2005. It is projected to increase by an additional nine times over the next five years. Almost all types of cross-border transactions now have a digital component.

--McKinsey Global Institute

THE DEMOGRAPHIC COMPLICATION

  1. For the first time, Japan's latest census showed a population decline.

    --Wall Street Journal

  2. Almost 100 percent of the world's projected population growth over the next four decades will occur in countries classified as less developed.

    --IMF's Finance & Development

  3. In 1950, 8 percent of the world's population was classified as 60 or over. Today, that number is 12 percent. By 2050, 22 percent will be older than 60. In 1950, the average female gave birth to five children; today, 2.5.

    --United Nations

  4. Europeans 65 or older who are not working are 42 for every 100 workers. By 2060, the number will be 65 per 100.

    --Eurostat

    GLOBALIZATION'S GOOD SIDE

    For two decades since the...

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