Question

Relationship between globalisation privatisation and liberalization

Answer 1

Privatization is a kind of Liberalization, where government investments in public sector industries are sold to private investors, thus government giving up it's control of the markets. Globalisation is opening up the economy to dynamic interference of global economies, from a pure closed static economy.

Answer 2

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Privatization is a kind of Liberalization, where government investments in public sector industries are sold toprivate investors, thus government giving up it's control of the markets.

Globalisation is opening up the economy to dynamic interference ofglobal economies, from a pure closed static economy.