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Q.

The situation in which all the countries equally enjoy the benefits of foreign trade is called ____


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Detailed Solution

Fair globalisation is the situation in which all countries enjoy the benefits of foreign trade. It is the government's responsibility to make the foreign intervention more acceptable for the people of that country. It protects and supports domestic producers and local sellers with the use of foreign trade and foreign investments. It negotiates fair rules and regulations with the WTO (World Trade Organisation) to economically develop a country. It ensures that policies such as labour laws are strictly followed. Governments can also align with countries with similar interests to fight against the authority of developed countries in the WTO.
 
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