how has liberalisation of trade and investment policies helped the globalisation processes
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I think the taxes which traders are collect they give this to king and this process called globalisation
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Heya
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Since 1991, the government of India began to follow a liberal policy towards foreign trade and investments. Foreign companies were able to set-up their factories and offices in other countries.
Businessmen were allowed to make decisions freely about what they wanted to produce, import or export.
The government of India established many special ECONOMIC ZONES where all sorts of facilities were made available to foreign companies and relaxation in taxes for an initial period of five years was given. 4. Foreign companies were allowed flexibility in labor costs.
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