What institution influences globalization and has a significant impact on UAE's economy?

The correct choice regarding an institution that influences globalization and has a significant impact on the UAE's economy is the International Monetary Fund (IMF).

The IMF plays a crucial role in the global economic landscape by promoting international monetary cooperation and exchange rate stability, facilitating balanced growth of international trade, and providing resources to countries in need. Its influence on globalization is significant as it helps countries, including the UAE, navigate economic policies that enhance their integration into the global economy.

As a member of the IMF, the UAE benefits from the technical assistance and policy advice provided by the institution, which helps ensure stable financial systems, encourages investments, and contributes to economic stability. This is particularly important for an economy like the UAE's, which is heavily reliant on oil and gas exports and is looking to diversify its economic base.

While the Gulf Cooperation Council and the World Bank also play important roles in economic and regional development, their influence on globalization is more region-specific or focused on development projects rather than the broad-scale economic stabilization and policy guidance provided by the IMF. Consequently, it's the IMF that stands out as a significant player in shaping global economic policies that directly impact the UAE's economy.