GENEVA: The man behind the annual Davos forum that for decades has been singing the praises of global trade insists that globalisation is only one factor in dramatic shifts provoking angst and anger. Globalisation, he insisted, is simply “a very easy scapegoat.”A more fragile worldBut while globalization is easy to blame, there are no good alternatives to it, he suggested, warning of the dangers of growing isolationism. “But a global cooperation which is based just on sharing interests will be very unstable because values remain the same, but interests move over time,” he said. That’s responsibility which needs courage and which needs decision-making and which needs action orientation,” Schwab said. “The big issues in the world cannot be solved by governments alone or by businesses alone,” Schwab said.
Source:   Manila Times
January 12, 2017 04:03 UTC