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  • Jack Houston, Sara Silverstein & Lauren Shamo

The founder of the World Economic Forum shares what he sees as the biggest threat to the global econ

  • 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 deglobalization 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.

Courtesy : Business Insider


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