Many countries in the developed world are ageing in terms of their distribution of population. Conversely, a number of countries in the south have younger population. India for example, has 60% of its population in the age group of 15-59, with the mean age close to 27 years as of present times....

Services dominate the Gross Domestic Products of a majority of nations. This paper analyses what constitutes services and the reason for its increased importance due to globalization. It then shows how the tradability of services has increased significantly over the last decade and how this has...