I don't think a World Championship would work - simply transporting cars, engines, spares, drivers and personell around the world would add too much costs for a driver who is still fairly early in their career without the big name sponsors.
Best to have specific events - the Macau Grand Prix, and the Masters at Zandvoort. The Americas never really took to F3.
A European event is straightforward for European teams to get to, and Macau works because of the logistics subsidised by the Macau authorities, as the event promotes the territory to the world.
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