Question : In the context of globalisation, economic liberalization refers to:
Option 1: Increasing government control over the economy
Option 2: Reducing barriers to international trade and investment
Option 3: Promoting state-owned enterprises
Option 4: Decreasing foreign direct investment
Answer (1)
14th Jan, 2024
Correct Answer: Reducing barriers to international trade and investment
Solution : In the context of globalisation, economic liberalization refers to reducing barriers to international trade and investment, such as tariffs and regulations, to facilitate a more integrated global economy.
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