What is one
major role international organizations play in the global
economy?

A. Establishing rules for global trade

B. Setting prices on goods and services

C. Discouraging free trade practices

D. Isolating local economies from one another

Answer:

A. Establishing rules for global trade

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Some examples of international organizations involved in global economy and trade are;

The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world.

Also, the United Nations is an intergovernmental organization that is set to foster security, unity, and peace among its member nations across the world.

Hence, these two organizations exist to serve the collective interests of member states and not otherwise.

Therefore, the major role international organizations play in the global economy is establishing rules for global trade.

Answer:

A. Establishing rules for global trade

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