The Free Press Journal

If trade halts, war will follow, warns Jack Ma

- AGENCIES/Davos

Chinese e-commerce giant Alibaba's Group Chairman Jack Ma, on Wednesday, said globalisat­ion cannot be stopped and if trade stops then war will follow. "To dissolve problems we need to embrace globalisat­ion and it is our responsibi­lity and opportunit­y to improve it," Jack Ma stated at a special session here 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. 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, Ma noted.

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