Economist Klaus Schwab is the founder and executive chairman of the World Economic Forum which will be holding it's Annual Meeting in Davos, Switzerland January 22-25, 2019. Schwab explains the theme of this year's meeting, "Globalization 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution.” When asked if we were currently in a trend of de-globalization he said no, "we have to make a differentiation between globalization, which is a fact, and globalism." He says the biggest threat to economic stability is the imbalances in the world. Schwab says he believes trade imbalances are a problem. He is not an unconditional advocate for free trade, which he says is great but only if there is equality.
------------------------------------------------------
#Economy #Globalization #BusinessInsider
Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Subscribe to our channel and visit us at:
read.bi/7XqUHI
BI on Fac...