Question

what is meant by globalisation and liberalisation !?​

Answer 1

Answer:

Liberalization- It refers to the process of making policies less constraining of economic activity and also reduction of tariff or removal of non-tariff barriers. ... Globalization- It refers to the expansion of economic activities across political boundaries of nation states

Answer 2

Answer:

Trade liberalization is the reverse process of protectionism. After previous protectionist decisions, trade liberalization occurs when governments decide to move back toward free trade. ... The outcome of these liberalizing and integrating processes is known as globalization.