What Is the Difference Between Liberalisation and Globalisation?

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Solution

Liberalisation refers to the process of eliminating unnecessary controls and restrictions for the smooth functioning of trade and business whereas globalisation refers to the process by which ideas, goods and services are spread throughout the world by crossing the national boundaries.

Also see:

MCQs on Liberalisation

MCQs on Globalisation

Advantages of Globalisation

Objectives of Privatisation

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