Question

14. Which of the following deals with the
process of simplification of Import-Export?
a. Liberalization
b. Privatization
c. Liberalization & Privatization
d. Globalization​

Answer 1

Globalization simplifies Import-Export processes.

Option:(d)

Explanation:

• Businesses in chemicals, agricultural products, and medicines have flourished and are looking for markets beyond geographical boundaries, thus globalization is the answer.
• Globalization through the global village brings in a cultural and trade relationship between two or more countries.
• It eases trade barriers and infuses interdependence through export and imports.
• It strengthens diplomatic relations on cooperative and harmonious terms.
• A country cannot exist in isolation without global trade.

Globalization is a need of hour:

https://brainly.in/question/18699509

Globalization promotes exports and imports:

https://brainly.in/question/18700149