According to which of the following organisations, the globalisation is “a shift from a world of distinct national economies to a global economy in which production is internationalised and financial capital flows freely and instantly between countries” ?
A. WTO
B. OECD
C. IMF
D. European Union
Answer:B
According to which of the following organisations, the globalisation is “a shift from a world of distinct national economies to a global economy in which production is internationalised and financial capital flows freely and instantly between countries” ?
A. WTO B. OECD C. IMF D. European Union
Explanation: After one of the summit of the OECD in 1980s, proposals for replacing the GATT by the WTO were pushed by the developed economies of the world, better known as the starting of the Uruguay Round of GATT deliberations which ends in the Marrakesh (1994) with the birth of WTO’.