Question

how does liberalisation led to economic growth??​

Answer 1

Answer:

Liberalization could increase growth rates in the short run and this also could result into higher imports than exports. ... The higher growth rate in developed countries and improvement in income terms of trade of developing economies tends to reduce trade deficits and current account deficits of developing economies.

Explanation:

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Answer 2

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➸Liberalization could increase growth rates in the short run and this also could result into higher imports than exports. ... The higher growth rate in developed countries and improvement in income terms of trade of developing economies tends to reduce trade deficits and current account deficits of developing economies.