Understanding International Organisations Supporting Globalisation
The question asks to identify the specific international organisation whose main purpose is to support globalisation and free trade.
The World Trade Organization (WTO)
The World Trade Organization (WTO) is the leading international body that deals with the rules of trade between nations. Its fundamental goal is to help producers of goods and services, exporters, and importers conduct their business.
- The WTO provides a framework for international trade negotiations.
- It establishes and enforces the rules for global trade.
- It aims to reduce or eliminate barriers to trade, such as tariffs and quotas, thereby promoting free trade.
- By facilitating smoother international commerce, the WTO plays a central role in advancing economic globalisation.
Comparing Organisation Mandates
Let's look at the other options to understand why they are less aligned with the core question about supporting globalisation and free trade:
| Organisation | Primary Mandate | Focus on Globalisation & Free Trade |
|---|---|---|
| WHO (World Health Organization) | International public health | Focuses on global health crises and standards, not trade policy. |
| WTO (World Trade Organization) | Global trade rules and liberalisation | Directly promotes and manages globalisation through free trade agreements and dispute settlement. |
| UNESCO (United Nations Educational, Scientific and Cultural Organization) | International cooperation in education, science, culture | Works towards peace and understanding, indirectly related to global connections but not trade policy. |
| IMF (International Monetary Fund) | Global economic and financial cooperation, stability | Facilitates international trade and investment through financial stability, but the WTO is the primary body for trade rules. |
Key Role of WTO in Global Trade
The WTO is specifically designed to liberalise trade and create predictable trading conditions globally. This makes it the organisation most directly associated with supporting globalisation and free trade among the options provided.
Important Questions from National & Intl. Orgs
The FAO accords the status of ‘Globally Important Agricultural Heritage System (GIAHS)’ to traditional agricultural systems.
What is the overall goal of this initiative?
1. To provide modern technology, training in modern farming methods and financial support to local communities of identified GIAHS so as to greatly enhance their agricultural productivity
2. To identify and safeguard eco-friendly traditional farm practices and their associated landscapers, agricultural biodiversity and knowledge systems of the local communities
3. To provide Geographical Indication status to all the varieties of agricultural produce in such identified GIAHS
Select the correct answer using the code given below.
India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?
With reference to the 'Trans-Pacific Partnership', consider the following statements :
1. It is an agreement among all the Pacific Rim countries except China and Russia.
2. It is a strategic alliance for the purpose of maritime security only.
Which of the statements given above is/are correct?
'Doctors Without Borders (Medecins Sans Frontieres)', often in the news, is
With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’, which of the following statements is/are correct?
1. It is an initiative hosted by UNEP, IMF and World Economic Forum.
2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.
3. It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.
Select the correct answer using the code given below.
