Question

What Are the Impacts of Liberalisation?

Answer 1

Impact of liberalisation are as follows:

1. It will increase the growth of the nation in the short term
2. It leads to an increase in imports
3. It leads to trade and current account deficits due to higher imports than exports.

Also see:

• MCQs on Liberalisation
• MCQs on Globalisation
• Advantages of Globalisation
• Objectives of Privatisation