How has liberalisatuon of trade and investment polices helped the globlisation process
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1 Removal of trade barriers : Under the policy of liberalization Indian government has removed various restrictions from import and export of goods. Now MNCs are free to import goods in India and Indian companies are free to export goods and services abroad.
2 Liberalization of investment : MNCs are free to invest in banking, infrastructure, automobiles, etc. Even indian government is also encouraging MNCs to invest in India through SEZs.
3 New technology : Liberalization has brought new technology in India which has promoted globalization. Information and communication technology has played a major role in spreading out production of services across countries.
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