How has liberalisation help globalisation? Explain

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How has liberalisation help globalisation? Explain

Posted by Abc Xyz 5 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 5 years, 4 months ago

Economic liberalisation means reducing government interference in economic activities and removing trade and business barriers.

Liberalisation of trade and investment policies helped the globalisation process in the following ways :
(a) Businesses are free to make decisions for foreign import and export.
(b) Foreign companies could easily set up factories and industries in a country after
liberalisation.

1Thank You

Vicky Kumar 5 years, 4 months ago

Globalisation in today’s world has come to imply many things. It is the process by which the people of the world are unified into a single society and function together. This term is also often used to refer to economic globalisation: the integration of national economies into the international economy through trade, foreign direct investments, capital flows, migration and the spread of technology.

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