Stiglitz Commission established by the President of the United Nations General Assembly was in the international news. The commission was supposed to deal with
- AThe challenges posed by the impending global climate change and prepare a road map
- BThe workings of the global financial systems and to explore ways and means to secure a more sustainable global orderCorrect
- CGlobal terrorism and prepare a global action plan for the mitigation of terrorism
- DExpansion of the United Nations Security Council in the present global scenario
Explanation
The Stiglitz Commission, officially known as the Commission of Experts on Reforms of the International Monetary and Financial System, was convened in 2008 following the global financial crisis. It was chaired by Nobel laureate Joseph Stiglitz. The primary objective of the commission was to analyze the flaws in the global financial architecture and recommend reforms to ensure long term economic stability. It focused on the workings of global financial systems and sought to create a more equitable and sustainable international economic order, making option B the correct answer.
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