Saved Bookmarks
| 1. |
How has liberalisation help globalisation? Explain |
|
Answer» 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 afterliberalisation. 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. |
|