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what is the view of trade union in the era of liberalisation

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Q: How is Trade union in era of liberalisation?
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What do you mean by liberalisation?

Liberalization denotes bureaucratic simplification, delicensing, privatisation and autonomy. Liberalization involves freeing prices, trade and entry from state controls. Liberalisation means all the things that liberal politicians are opposed to.


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How does liberalisation of trade and investments policies helped the globalisation process?

Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier. Earlier, several developing countries had placed barriers and restrictions on imports and investments from abroad to protect domestic production. However, to improve the quality of domestic goods, these countries have removed the barriers. Thus, liberalisation has led to a further spread of globalisation because now businesses are allowed to make their own decisions on imports and exports. This has led to a deeper integration of national economies into one conglomerate whole.


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Liberalisation is to relax regulations on social or economic policies (usually economic). Privatisation is the process of transferring a public sector industry over to the private sector. Globalisation is the unification of the global markets by relaxing protectionist trade policies and integrating markets.


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