Whenever a main stream media broadcasts events with pictures of Africans, and street views in any African country, it is not unusual to see advertisements of global brands, and some
Liquidity is the elephant in the dark room that is the global financial system. Everybody knows that liquidity is important, yet few would brave defining what it is, or how to gauge it accurately. One of the disturbing aspects of ‘liquidity’ is that its meanings and functions as a financial cate-gory vary according to the context and level of economic activity, as well as to the phase of the business cycle (Nesvetailova 2008). Liquidity of the market or a portfolio of assets during ‘good’ times is not the same as liquidity during an economic downturn or a financial crisis. Assets that are easy to sell when economic agents share a sense of optimism about their profitability, liquidity and safety, often turn out to be unwanted and expensive bundles of ‘illiquid’ debt when the sense of optimism evaporates. Hence ‘liquidity’ can evaporate literally overnight.
The term Global Economy refers to an integrated world economy with unrestricted and free movement of goods, services and labour transnationally. It projects the picture of an increasingly inter-connected world with free movement of capital across countries, also. The concept of a global economy cannot be understood in isolation. For this, globalization nees to be
Cultural diversity is a product of the vast range of human experiences and achievements. It is a broad concept based on the connections between people through shared history, tradition and language. Our diversity is also a reflection of our values such as freedom of expression, pluralism of ideas, effective participation of people, and choice. Fostering cultural policies in a global environment to support cultural diversity includes: