Read the following passage and answer the following questions given below:

What is often called economic globalization usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. This flow or exchange can take various forms. Globalization has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries other than their own, including developing countries, where they might get better returns. Globalization has also led to these flow of ideas across national boundaries. The spread of internet and computer related services is an example of that. But globalization has not led to the same degree of increase in the movement of people across globe. Developed countries have carefully guarded their borders with visa policies to ensure that citizens of other countries cannot take away the jobs of their own citizens.

Name the international institutions from where economic globalisation draws attention.

WTO and IMF

The correct answer is Option (3) - WTO and IMF

Economic globalization draws attention from international institutions such as the World Trade Organization (WTO) and the International Monetary Fund (IMF). These institutions play significant roles in shaping global economic policies, trade agreements, and financial regulations.

The International Monetary Fund (IMF) and the World Trade Organization (WTO) play significant roles in shaping international economic policies. Their actions and policies can have direct economic consequences on countries, impacting things like trade, economic stability, and financial assistance. Their relevance increased due to Economic consequences of the Globalisation.