In many ways, it was a major political change, namely, the collapse of the erstwhile socialist world that hastened globalisation. And also gave a specific economic and political approach to the economic policies that underpin globalisation. These changes are often termed neoliberal economic measures. We have already seen what concrete steps the liberalisation policy took in India. Broadly these policies reflect a political vision of free enterprise which believes that a free reign to market forces will be both efficient and fair

Which of the following statement is correct about Inter- Governmental Organisations (IGOs) ?

An IGO is a body that is established by participating governments and given responsibility for regulating, or overseeing a particular domain of activity that is transnational in scope

The correct answer is Option 1:  IGOs are independent organisations, which make policy decisions and address international issues.

Option 2 and 3 relates to International Non-Governmental Organisations (INGOs).

An intergovernmental organisation (IGO) is a body that is established by participating governments and given responsibility for regulating, or overseeing a particular domain of activity that is transnational in scope. The World Trade Organisation (WTO), for instance increasingly has a major say in the rules that govern trade practices.

International Non-Governmental Organisations (INGOs) differ from intergovernmental organisations in that they are not affiliated with government institutions. Rather they are independent organisations, which make policy decisions and address international issues. Some of the best-known INGOs are Greenpeace, The Red Cross and Amnesty International, Medecins Sans Frontieres (Doctors Without Borders).