The World Economic Forum Founder Shares The Biggest Threat To The Economy

Business Insider

Published on Jan 18, 2019

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.

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