Apple CEO Tim Cook spoke at the China Development Forum 2017, where he stated that globalism is “great for the world” and that the company will spend $507 million to open two additional research centers in China.
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The Wall Street Journal reported that Tim Cook spoke for an hour at the Beijing’s prestigious Diaoyutai State Guesthouse, which features 18 opulent villas that are offered at up to $50,000 per night. He told attendees that globalization in general is “great for the world.”
Cook did acknowledge that the benefits of globalization are not evenly distributed within countries. But he emphasized that it would be bad for workers of the world if there was less globalization: “I think the reality is you can see that countries in the world…that isolate themselves, it’s not good for their people.”
Cook joined Yousef Al-Benyan, the Chief Executive Officer for Saudi Basic Industries Corporation, and Zhang Tao, Deputy Managing Director of the International Monetary Fund, in seconding OECD Chief of Staff Gabriela Ramos Patino’s warning that anti-globalism wouldn’t just close markets, it would “shut out partners and opportunities.”
The state run China Global Television Network described CDF 2017 opening day speakers as less concerned with the backlash against globalism due to the refugee crisis in the Middle East, slow economic growth, and political elections in Europe, and more concerned about how “those in power” will choose the right tasks to start the journey to “fix” the world.