Question:
As things stand now, each country's financial system is being sustained and supported by its own government. Governments are primarily concerned with their own economies. This gives rise to financial protectionism, which threatens to disrupt and perhaps destroy global financial markets. So, regulations must become international in scope. Otherwise, global financial markets will be destroyed by regulatory arbitrage.
This questions has four alternative summaries.Choose the option that best captures the essence of the text.
As things stand now, each country's financial system is being sustained and supported by its own government. Governments are primarily concerned with their own economies. This gives rise to financial protectionism, which threatens to disrupt and perhaps destroy global financial markets. So, regulations must become international in scope. Otherwise, global financial markets will be destroyed by regulatory arbitrage.
This questions has four alternative summaries.Choose the option that best captures the essence of the text.
This questions has four alternative summaries.Choose the option that best captures the essence of the text.
Updated On: Sep 23, 2024
- Global markets need global regulations but each nation is rooted in the principle of national sovereignty
- Financial protectionism damages the concept of globalisation
- Global markets need international guidelines for the smooth running of global trade
- Every country tries to protect its own financial interests
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The Correct Option is C
Solution and Explanation
The best summary for the text is: Global markets need international guidelines for the smooth running of global trade. So the correct option is (C)
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