What do you mean by Liberalization, privatization and gobalization ? how do they effect the location of industrives?
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LPG stands for Liberalization, Privatization, and Globalization. India under its New Economic Policy approached International Banks for development of the country. These agencies asked Indian Government to open its restrictions on trade done by the private sector and between India and other countries.
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Liberalisation is the loosening of government controls,although sometimes associated with the relaxation of laws relating to social matters such as abortion and divorce,liberalisation is most often used as an economic term,in particular it refers to reductions in restrictions on international trade and capital.
Privatisation is the transfer of publicly owned or publicly operated means of production to private ownership or operation.
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
I don’t know the answer for ‘how do they effect the location of industries’
I hope my other answers helped.
Privatisation is the transfer of publicly owned or publicly operated means of production to private ownership or operation.
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
I don’t know the answer for ‘how do they effect the location of industries’
I hope my other answers helped.
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