18 January 2019

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


Published on Jan 18, 2019
Views: 472+
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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