Question

Define libéralisation?? ​

Answer 1

Answer:

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Answer 2

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Liberalization means the opening of the country for foreign investments and capitals.  Trade barriers are often used by countries to protect the domestic industries from the products of foreign land. Usually countries resort to impose Licenses, Import quotas or Voluntary export restraints to protect local markets. However after liberalization organizations like the WTO attempted to reduce production and consumption distortions created by tariffs.Free trade benefits consumers through increased choice and reduced prices. On the other hand free flow capital ensures that any country can make investments in the alien land. This only increases the possibility of generating more employment which in turn enhances the revenue generation of the country. Organizations like ASEAN aim Free flow of goods, services, investment, capitals and skilled labor. These steps has improved global integration and brought about globalization.

More to know :-

• Removing barriers or restriction set by the govt. is known as liberalisation.

• With liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.

• The government imposes much less restrictions than before and is therefore said to be more liberal.

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