Economics · Globalisation
The concept of 'Fair Globalisation' necessitates a policy framework that includes provisions for global cooperation. Which of the following areas represents a critical component where a lack of global policy coordination has led to a significant backlash against globalisation? I. Coordination of Macroeconomic Policies to prevent one country's expansionary policies from destabilizing others. II. Establishing a global, universally accepted standard for the protection of Intellectual Property Rights (IPR). III. Ensuring a global policy framework on Climate Change and Environmental Standards to prevent 'pollution havens' and unfair competitive advantages. Which of the above statements are correct?
- 1Only I and II
- 2Only II and III
- 3Only I and III✓
- 4I, II, and III
Correct answer
Only I and III
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