The global economy is set for growth during the next 12 months, most experts agreed at the recent World Economic Forum in Davos, but they also warned of risks further ahead. So what are the opportunities and challenges facing the world?
If you look back 20 years, the world was a much simpler place. The world economy was dominated by the US, Europe and Japan.
Developing economies accounted for a relatively small slice of global economic activity and wealth.
It was essentially a 'bi-polar world', where rich and poor countries were neatly divided.
What a difference two decades can make. Today those old certainties have gone, with global economic power becoming increasingly dispersed and developing countries contributing to an ever-larger share of the world's trade and investment.
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