Question : What role do International Financial Institutions (IFIs) play in globalization?
Option 1: They discourage global trade
Option 2: They promote economic stability and integration
Option 3: They reduce foreign direct investment
Option 4: They increase trade barriers
Answer (1)
23rd Jan, 2024
Correct Answer: They promote economic stability and integration
Solution : IFIs, such as the IMF and World Bank, play a crucial role in promoting economic stability and integration, which are key aspects of globalization.
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