British expert hails China's role in global issues

Added On January 22, 2019

 Albrow sat down with CNC ahead of this year's World Economic Forum in Swiss Davos.

He commended China's role in tackling global challenges as the world enters a new era of the so called "globalization 4.0".
"Globalization 4.0 is of course the way Davos Klaus Schwab want to frame the meeting this year, and it is a sort a particular idea of globalization as a series of stages, of economic stages particularly relating originally to the opening up of markets before the first world war. That was stage one, and then it was the rule based international order which was stage two. Then it was the development of foreign direct investment in stage three, and now stage four is where technology is transforming the world. The new stage is a transformation of the world. I would say it is a clash between an older global age and a coming, already come, digital age. And that's the real transformation which is going on at the moment, and which the world has not yet been able to manage because it can't see it clearly enough."
Albrow said the new era requires world leaders to address new challenges such as the rising threat of protectionism and climate change.
"They should do it by strengthening the institutions they already have. There are two basic sides to this. One is the rule-based world order, the rule-based multi-lateral world is fundamental. Fundamental for ensuring that as we say we all speak from the same page, we have basic understandings of how we work together. You have to have a sense of responsibility for taking decisions. Now those decisions are made above all by the world leaders, so there is a huge responsibility on the world leaders to address these global problems."
He went on to praise the China-proposed Belt and Road Initiative, saying it has helped tackle global challenges and build an open and more inclusive economy.
"So, in the Chinese case one wonderful initiative is the Belt and Road Initiative. This is not dictated by economic globalisation, it fits with it. It fits with the economic globalization because economic globalization can mean many different forms, and as the Davos meeting suggests, we are in a fourth stage of globalization, connected with the internet, connected with digital technologies and so on."
Albrow spoke highly of Chinese President Xi Jinping's vision on globalization, saying the president's proposal to build a community with a shared future for mankind offers a new take on today's international landscape.
"You see, globalization itself is not something that any one person has invented or designed. It is the effect, the aggregate effect of human actions and policies. Globalization is an aggregate effect. But the effect is so big that you have to collective leadership and the people working as a whole in order to meet it. In other words, working in this hypothetical forest, all those people having to get together and say 'what shall we do, we shall have to plan now'.Because we can't deal with this as individuals." 
The WEF's 2019 annual meeting will take place Jan. 22-25 in Davos-Klosters, Switzerland, themed Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution.