Explain the need for liberalization.
Answers
When a nation becomes liberalized, the economic effects can be profound for the country and for investors. Economic liberalization refers to a country "opening up" to the rest of the world with regards to trade, regulations, taxation and other areas that generally affect business in the country. As a general rule, you can determine to what degree a country is liberalized economically by how easy it is to invest and do business in the country. All developed (first world) countries have already gone through this liberalization process, so the focus in this article is more on the developing and emerging countries.
PLS mark me as brainlist
Liberalization is part of economic reforms which introduced Globalization, Liberalization and privatization. It gave private businesses and individuals a freedom to grow and increase the level of economy.
Explanation: Liberalization term is used when country or state eradicates or lifts up the trade restriction for private sector and individuals. It is freedom of trade and investment. It means opening of economic borders and removing of the barriers of trade. These barriers are legal issues, tax laws,t foreign investment restrictions, tariff, quota, etc. Liberalization has diminished the role of the state in economic management, economic issues depends upon the market forces. It is so needed for economic growth and for breaking the stereotypes. It promotes the capital flow freely across the borders, exchange of currencies and foreign direct investments increased stock market performance, reduces the political risk, benefit to investors to diversify through investment and huge impact on agriculture.