"Liberalisation of trade and investment policies have helped the globalisation process" support the statement


Dear Student,

​  Globalisation is also facilitated through a policy of Liberalisation which  refers to the freedom of the economy from direct or physical controls (such as, industrial licensing, price control, import license) imposed by the government. It implies greater dependence on the market for making various economic decisions. 


a. The process has facilitated  greater connectivity, through MNC's, increased foreign investment, through international institutions like WTO, IMF etc, thereby contributing towards a Globalised World.
b. It has facilitated by industrial reforms like removal of trade barriers, increased privatisation 
c. In gives encouragement to private sector thereby increasing efficiency
​d It provides 
greater choice for consumers, with a variety of goods and at cheap prices from all acrss the globe.
 e. Encourages  foreign investment,  has led to creating of Special economic zones to attract investments.It has helped local producers which can now enter into joint production with foreign companies
f. It has also brought about inflow of foreign capital.

g. It has brought about greater integration of economies and intertwining of their interest.


Regards


.



 

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easy
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Liberalization refers to the removal of trade barriers. Thus, when trde barriers are removed, the flow of goods in and out of the country takes place with ease. Thus, globalization is promoted. Investment policies may it be small or big, gives rise to new industries and thus globalization is promoted in the both the ways.
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thank you :)
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Always welcome :)
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