definition of globalisation and liberalisation
Answers
Explanation:
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
Explanation:
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
Liberalization, the loosening of government controls. Although sometimes associated with the relaxation of laws relating to social matters such as abortion and divorce, liberalization is most often used as an economic term. In particular, it refers to reductions in restrictions on international trade and capital.