Which term stands for opening the economy to the world by removing protective barriers against free flow of trade, technology and investment among countries?

Liberalisation

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Globalisation

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Privatisation

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None of the above

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Solution

The correct option is C Globalisation
If one wants to globalise, they have to allow liberalisation which involves removing protective trade barriers. One a country does that, you allow other countries to invest in your country which means foreign investment. Once a country invests in you a country can have better technology because it means one can export and import from any corner of the world. All this is nothing but globalisation.

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