How has liberalisation of trade and investment policies helped the globalisation process? Explain. -SST 10th

1 Answer

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 after liberalisation.

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