One day, the teacher had a discussion on a special subject in the class, and he asked the students to prepare a project on that very subject. The teacher told that there was hardly any country in the world which could itself produce all the things of its requirement, it has to get the help of other countries. And this is possible only when there is full freedom of import-export of things and services and when there is free flow of information and technology and the people can freely go from one country to the other. India also admitted this truth and gave full freedom of different activities done with the foreign countries. This resulted in a big advantage to India itself and several other countries also. To which of the following factors is the above event related?
Demonitisation
Privatisation
Globalisation
Liberalisation
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