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

question 5

Multiple Choice

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

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Definitions:

Cultural Intelligence Quotient

A measure of an individual's ability to understand and adapt to new cultural contexts, enhancing their effectiveness in international and diverse environments.

Uncommon Information

Information that is not readily available or known to the public, often providing a competitive edge in decision making or investments.

Factor Endowments

The amount of land, labor, capital, and entrepreneurship that a country possesses and can utilize for manufacturing goods and services.

Heckscher-Ohlin

A trade theory that suggests countries will export goods that utilize their abundant and cheap factors of production and import goods that utilize the countries' scarce factors.