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Globalisation can’t be stopped; if trade halts, war will follow: Jack Ma

PTI
Published : Jan 24, 2018, 8:38 pm IST
Updated : Jan 24, 2018, 8:41 pm IST

The billionaire businessman emphasised that no one can stop globalisation and said that trade sanctions are like bombs.

'If you want to be successful then you should learn from other's mistakes rather than their successes, the Alibaba group founder and chairman said. (Photo: AFP)
 'If you want to be successful then you should learn from other's mistakes rather than their successes, the Alibaba group founder and chairman said. (Photo: AFP)

Davos: Chinese e-commerce giant Alibaba's Group Chairman Jack Ma on Wednesday said globalisation cannot be stopped and if trade stops then war would follow.

"To dissolve problems we need to embrace globalisation and it is our responsibility and opportunity to improve it," Jack Ma said at a special session in Davos during the World Economic Forum (WEF) Annual Meeting.

"Whether you worry about it the world will be hugely changed in the next 30 years. If there will be a war then it should be a war against disease, environmental pollution and poverty, rather than against ourselves," he said.

The billionaire businessman emphasised that no one can stop globalisation and said that trade sanctions are like bombs.

"I think globalisation cannot be stopped - no one can stop globalisation, no one can stop trade. If trade stops, the world stops. Trade is the way to dissolve the war not cause the war," he said.

Jack Ma also said that to gain success a person will need high EQ and "if you don't want to lose quickly you will need a high IQ, and if you want to be respected you need high LQ - the IQ of love".

The business leader said we are in a transformative phase of the world due to technology, which will help create interesting careers for people but may also cause significant social problems.

He said global trade should be simple, inclusive and modernised. The next generation of globalisation should be inclusive for young people as the first wave was controlled by kings and emperors. In the last 30 years, it has been controlled by 60,000 big companies, he noted.

Speaking on a range of issues, he said artificial intelligence (AI) robots may indeed kill jobs but it will mean that we need to create more jobs within the service industry.

Consumption and the service industry has hope and we must do it uniquely, he added.

He further said philanthropy is about action and involvement. It is not about money but about waking up people's conscience, he said.

"If you want to be successful then you should learn from other's mistakes rather than their successes," the Alibaba group founder and chairman said.

Tags: jack ma, globalisation, world economic forum, alibaba