How does liberalisation of trade affect globalisation?
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Proponents of trade liberalization, however, claim that it ultimately lowers consumer costs, increases efficiency, and fosters economic growth. ... The outcome of trade liberalization and the resulting integration among countries is known as globalization.
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Trade Liberalization and Globalization. Trade liberalization is the reverse process of protectionism. After previous protectionist decisions, trade liberalization occurs when governments decide to move back toward free trade. ... The outcome of these liberalizing and integrating processes is known as globalization.
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