A SLOWING world economy is not welcomed by many. But business schools may have some reason for good cheer. Applications for full-time Master of Business Administration (MBA) programmes are booming. Executives, keen to hone their money-making skills, are choosing to sit out the economic downturn in the confines of the world's business schools. And if attempts to gain admittance to MBA courses are a useful indicator of economic activity then the global economy is in for a rough future too. Applications next year are expected to climb even higher.

EPA