4 differences and similarities between liberalisation and globalisation
Answers
Answer:
Globalization is where an economy of scale is created through the interaction and integration among people, companies, and governments worldwide.
It is a complex and multifaceted phenomenon, which is considered by some as a form of capitalist expansion which entails the integration of local and national economies into a global, unregulated market economy.
Liberalization is the process where a state lifts restrictions on some private individual activities. It is a situation in which government regulations and restrictions are relaxed to make room for economic expansion.
Answer:
Globalization is the greater integration among countries and economies for trade, economic, social, and political benefits. ... Liberalization generally refers to the removal of restrictions; usually government rules and regulations imposed on social, economic, or political matters.