A situation in which all the countries reap equally the benefits of foreign trades equally is known as

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Internationalisation

Fair globalisation

Liberalisation

Equal globalisation

answer is B.

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Detailed Solution

Fair globalisation refers to the condition in which all countries gain equitably from foreign commerce. It is the government's responsibility to make the foreign intervention more equitable for the people of that country. It protects and supports domestic producers and local merchants with the utilisation of foreign commerce and foreign investments. To economically develop a country, it negotiates fair rules and regulations with the WTO (World Trade Organization). It ensures that policies such as labour laws are strictly followed. Governments can also band together with other nations with similar interests to oppose the power of industrialised countries in the WTO.

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