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Difference between liberalization and globalization in detail?

Asked by Gabi Desires(student) , on 22/3/12


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LIberalization:-

it is removal of trade barriers

GLOBALAIZATION:-

it is the interlinking of economy one country with economy of other country

Posted by tdharma(student)on 22/3/12

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Globalisation refers to the unification and integration of the (indian) domestic economy with the world economy by interaction and interdependence,whereas libralisation means reducing the government interferene in economic activities and encouraging privatisation. 

Posted by Usman Khan(student)on 22/3/12

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