How has the World Trade Organization been a driver of the internationalisation of services?
A)By regulating international trade
B)By creating a single market throughout the European Union
C)By encouraging the trend toward privatisation of industries
D)By spreading information about high-context and low-context cultures
E)By pushing governments to create more favourable regulatory environments

Question

Quizplus · Accepted Answer

The World Trade Organization has encouraged governments to create more favourable regulatory environments for the internationalisation of services, which has helped to drive this trend. While it also regulates international trade, creates a single market in the European Union, and promotes privatisation of industries, it is specifically the encouragement of favourable regulatory environments that has been a significant driver of internationalisation of services. The spreading of information about high-context and low-context cultures is not a main focus of the WTO's activities.

How Has the World Trade Organization Been a Driver of the Internationalisation