Question: Due to globalization there has been a fairly dramatic change in the demographics of the global economy. Critically appraise: (a) the changing demographics of

Due to globalization there has been a fairly dramatic change in the

Due to globalization there has been a fairly dramatic change in the demographics of the global economy. Critically appraise: (a) the changing demographics of the global economy and (b) (40 marks) the implications of these changes for international companies from developed and developing countries (10 marks)

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=+a. What is P(xn11 , x1)?

=+c. What is P(xn11 , y1)? What is P(xn11 . yn)?

=+c. Let yn 5 max {x1,, xn}. What is P(yn , )? Hint: The condition that yn is less than is equivalent to what about x1,, x2?