World

Davos forum founder urges cooperation against 'dangerous' risks to world, economy

  • A cable train makes its way up the Weissfluhjoch mountain  in Davos, Switzerland, Monday, Jan. 19, 2015. The world's financial and political elite will head this week to the Swiss Alps for 2015's gathering of the World Economic Forum , WEF, at the Swiss ski resort of Davos. (AP Photo/Michel Euler)

    A cable train makes its way up the Weissfluhjoch mountain in Davos, Switzerland, Monday, Jan. 19, 2015. The world's financial and political elite will head this week to the Swiss Alps for 2015's gathering of the World Economic Forum , WEF, at the Swiss ski resort of Davos. (AP Photo/Michel Euler)  (The Associated Press)

  • Swiss police officers walk past the Congress Hall in Davos, Switzerland, Monday, Jan. 19, 2015. The world's financial and political elite will head this week to the Swiss Alps for 2015's gathering of the World Economic Forum at the Swiss ski resort of Davos. (AP Photo/Michel Euler)

    Swiss police officers walk past the Congress Hall in Davos, Switzerland, Monday, Jan. 19, 2015. The world's financial and political elite will head this week to the Swiss Alps for 2015's gathering of the World Economic Forum at the Swiss ski resort of Davos. (AP Photo/Michel Euler)  (The Associated Press)

  • Technicians setting up signs outside the Congress Hall in Davos, Switzerland, Monday, Jan. 19, 2015. The world's financial and political elite will head this week to the Swiss Alps for 2015's gathering of the World Economic Forum at the Swiss ski resort of Davos. (AP Photo/Michel Euler)

    Technicians setting up signs outside the Congress Hall in Davos, Switzerland, Monday, Jan. 19, 2015. The world's financial and political elite will head this week to the Swiss Alps for 2015's gathering of the World Economic Forum at the Swiss ski resort of Davos. (AP Photo/Michel Euler)  (The Associated Press)

The founder of the World Economic Forum says leaders must better coordinate their actions if they want to effectively confront risks from terrorism, global conflicts and economic volatility.

Klaus Schwab told The Associated Press "we have to confront those very dangerous developments" through international cooperation.

He said Monday that economically "the big risk actually now is that the world moves into a cycle of deflation."

Worries about the global economy's strength and falling oil prices have prompted concerns about problems such as deflation, a downward spiral in prices that could put companies out of business.

Schwab was speaking ahead of the gathering organized by WEF this week for some 2,500 of the world's financial and political elite at the Swiss mountain resort of Davos.