Question

liberalisation is helpful for globalisation

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Answer 1

>> Liberalisation of trade has helped the globalisation process in the following ways :

1)Foreign companies could easily set up factories & industries in a country after liberalisation. 

2)Businessmen are allowed to take decisions freely about what they wish to import or export. 

3)Liberalisation of trade  attracts foreign companies which leads to increased competition. ​Increased competition leads to improved performance which in turn leads to improved quality.