Which of the following is one of the major policy initiatives of the World Trade Organization?
A) increasing the average level of education worldwide
B) liberalizing world financial services
C) promoting and protecting the environment
D) regulating automobile production by less-advanced nations

Question

Quizplus · Accepted Answer

One of the major policy initiatives of the World Trade Organization (WTO) is to liberalize world financial services. This refers to the removal of barriers on cross-border trade in financial services, such as banking, insurance, and securities. The purpose of this initiative is to promote international investment and competition in the financial sector, which is seen as a key driver of economic growth. While the WTO does address environmental issues, it is not one of their major policy initiatives. Similarly, the WTO does not regulate automobile production by less-advanced nations or have a mandate to increase the average level of education worldwide.

Which of the Following Is One of the Major Policy