164k views
0 votes
Which organization originated and supports the idea of small businesses operating on a global level?

1 Answer

1 vote

Final answer:

The World Trade Organization (WTO) is the key organization supporting small businesses on a global scale, aiming to facilitate international trade and economic development.

Step-by-step explanation:

Global Support for Small Businesses

The World Trade Organization (WTO) is the primary international organization that supports the idea of small businesses operating on a global level. The WTO was established in 1995, evolving from the General Agreement on Tariffs and Trade (GATT), and works to create a system of trade rules that apply globally. This organization helps in streamlining, regulating, and assisting international commerce, which includes supporting the expansion of small businesses across borders. The WTO's efforts are facilitated by the support of the United Nations and are integral to the promotion of global economic recovery and sustainable development.

Furthermore, there are other organizations such as the International Federation of Organic Agriculture Movement (FOAM) and the Oxford Committee for Famine Relief (OXFAM) that, while not specifically focused on small businesses, contribute to creating favorable conditions for trade and global cooperation which small businesses can benefit from. Regional trade agreements between countries also play a crucial role in public policy discussions about globalization and provide additional frameworks for small businesses to operate internationally.

User Beamish
by
8.0k points

No related questions found