The below are advantages of globalization

increased price of goods and reduced selection for consumers

The following are the objectives of the WTO except:

prosecuting member states that violate trade regulations

The benefits of WTO include the following EXCEPT:

Good governance leads to enhanced lobbying

The General Council of the WTO also meets as

Trade Policy Review Body & Dispute Settlement Body

The following are the challenges faced by the Engineering Profession due to Globalization EXCEPT

insufficient global engineering funds for trans boundary skill transfers

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Effects of globalization on Engineers

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Questions 8

Answers

1
WTO provide special provisions for developing countries under the Doha Round by lowering trade barriers because
increaseing awareness of WTO activities ad enhancing member cooperation
All of the answers above
it aims to increase trade opportunities and economy of these countries.
it aims to develop skills and infrastruture for trade expansion
2
The below are advantages of globalization
greater competition between suppliers and manufacturers
tax free flow of essential goods
trans-boundary knowledge and skills transfer
increased price of goods and reduced selection for consumers
3
The following are the objectives of the WTO except:
prosecuting member states that violate trade regulations
ensuring smooth trade flow through dispute settlement & transparent policy
perform checks of trade policies and practices of member states
intermediate in bilateral trade negotiations & customs tariff reduction
4
The benefits of WTO include the following EXCEPT:
Political stability between countries
Reduced cost of living, with increasing product choice and quality
Good governance leads to enhanced lobbying
Increased economic growth increases per capita GNP
5
Globalization affects intellectual property rights that indirectly affects the engineering education
False
True
6
The General Council and Ministerial Conference serve the same functions in the WTO:
False
True
7
The General Council of the WTO also meets as
Dispute Settlement Body & Trade Policy Review Council
Trade Policy Review Committee & Dispute Settlement Council
Trade Policy Review Body & Dispute Settlement Body
Dispute Settlement Council & Trade Policy Review Body
8
The following are the challenges faced by the Engineering Profession due to Globalization EXCEPT
the development of a global code of ethics
involvement of engineers in ISO and IEEE standards development
insufficient global engineering funds for trans boundary skill transfers
differences/lack of international licencing procedures

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