Question

Globalization and liberalization distinguish between with points

Answer 1

Liberalization is the way where the barriers of exchange of goods are removed.It also removes various other barriers such as taxes and rules of licencing.

Globalisation is the process of interaction among various organizations.

It is the process of trading carried out internationally. Process has a lot of effects on the environment and its resources.

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Answer 2

Hi!!

Globalization and liberalization are concepts that are closely related to one another. A country usually experiences liberalization of its economic and other policies, which is later on followed by globalization. There are, however, many differences between the two. Liberalization generally relates to activity within a certain country as a result of modernization and development. Globalization relates to activities among countries and results in interdependence and interaction among countries and facilitates the movement of goods and services, capital, individuals, knowledge, technology, etc.

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