As markets globalize and an increasing proportion of business activity transcends national borders,there is a need for institutions to help manage,regulate and police the global market place.

Question

Quizplus · Accepted Answer

The statement is true as the globalization of markets has led to the need for international institutions to regulate and manage the global market place. Examples of such institutions include the World Trade Organization, the International Monetary Fund, and the World Bank.

As Markets Globalize and an Increasing Proportion of Business Activity