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What do you mean by liberalisation?


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2008-01-15 19:55:25
2008-01-15 19:55:25

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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Merits and demerits of liberalization is demerits of liberalisation. This is well known.

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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.

i think liberalisation is one of the most important factor that have led to globalization.

Liberalization (or liberalisation) refers to a relaxation of previous government restrictions, usually in areas of social or economic policy.

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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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P.V. Narsimha Rao when narsimha Rao was P.M. at that time Manhohan Singh on the post of Vitta Mantri,, near 1991-1992.

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