CLEAN : WTO inoperational due to lack of cooperation from US (Josep Borrell)

The video discusses the significance of global trade agreements, particularly between Europe and Asia, and highlights the challenges faced by the World Trade Organization due to lack of cooperation from the United States. It emphasizes the growing importance of Asian economies and the current backlash against globalization, noting that trade creates both winners and losers. The video calls for a better understanding of the impacts of globalization and the need to address the concerns of those negatively affected.

What percentage of global GDP is influenced by the trade agreement between Europe and Asia?

• 75%

• 80%

• 65%

• 50%

Which organization is facing operational challenges due to the lack of cooperation from the United States?

• International Monetary Fund

• World Trade Organization

• World Health Organization

• United Nations

Why is Asia becoming more significant in global trade?

• Because of the decline in US cooperation

• As a result of increased cooperation with Europe

• Because of its large population

• Due to its technological advancements

What is a major consequence of globalization mentioned in the transcript?

• Improved international relations

• Higher economic growth for all

• A significant backlash in many countries

• Increased cultural exchange

What must be considered when evaluating the effects of trade?

• The balance of winners and losers

• The number of new jobs created

• The technological advancements

• The environmental impact