Question

Hey please very urgent guys ❤
Debate
Topic:- Liberalisation Privatization & Globalization is boon or bane for the economy of India.
(Please Simple words)
(m apko points jada du gayi or follow bhi kro like thanks bhi kro gayi) (pr ap please answer dena) ​

Answer 1

Answer:

GLOBALISATION AND LIBERALISATION OF THE

INDIAN ECONOMY

3.1 Introduction

Globalisation, since World War II, is largely the result of planning by statesmen

to breakdown borders hampering trade to increase prosperity and

interdependence thereby decreasing the chance of future war. Their work led to

the Brettonwoods Conference, an agreement by the world's leading statesmen

to lay down the framework for international commerce and finance, and the

founding of several international institutions intended to oversee the process of

globalisation. These institutions include the International Bank for

Reconstruction and Development (the World Bank), and the International

Monetary Fund.

Globalisation, the integration of the world economy – has been a persistent

theme of the past quarter century. Growth of cross border economic activity

has changed the structure of economics and the political and social

organisation of countries. Not all effects of globalisation can be measured

directly. But the scope and pace of change can be monitored along four key

dimensions – trade in goods and services, financial blows, movement of people

and communication13

.

Globalisation has been facilitated by advances in technology which has

reduced the costs of trade, and trade negotiation rounds, originally under the

auspices of the General Agreement on Tariffs and Trade (GATT), which led to