Asses the importance of trade liberalization on globalization
globalisation involves trade, migration, communication and shared culture.
What
It means integrating an economy with the world economy for trade
importance of retail trade
importance of statistics in trade
in the context of political science, the word globalisation means exchange of ideas, cultures, concpects, having diplomatic trade relations with neighbouring countries orany country in any corner of the world.
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.
its not
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.
Globalization is the trade between countries at the global level and the subsequent interconnection of monetary systems which results, i.e. global stock trading.
HELEN E.S NESADURAI has written: 'GLOBALISATION, DOMESTIC POLITICS AND REGIONALISM: THE ASEAN FREE TRADE AREA'
The increasing number of national economies and firms benefiting from trade agreements by the EU, WTO, etc that increases trade to enormous scales through the removal of trade barriers and the elimination of cuustoms duties, etc, which isn't far off I don't think. Many argue that Globalisation is a myth as global trade is more towards regionalization where intra trade activity takes place more than trade with other nations who are not members of the trading unions. Chomsky, Ohmae, Rugman, Dimitratos all believe that regionalization is dominating and that globalisation doesn't really exist.