How has liberalisation of trade and investment policies helped the globalisation process 0?
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Answer:
liberalisation has led to a further spread of globalisation because now businesses are allowed to make their own decisions on imports and exports.
★Liberalization:- It refers to liberal and easy policy for carrying business or profession within or outside the country .It means removing of all unnecessary trade barriers and making economy more competitive.
In the following manner liberalisation of trade and investment helped the globalization process
➽Liberalisation makes industries to expand their trade according to markets .By this way it helps globalization.
➽It remove unnecessary trade barriers and restriction due to which import and export of country has become more easier.
➽Liberalisation of investment helps to start new business all over the world which is also a part of globalization.
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