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
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.
Question : How does globalization affect economic change?
Question : To mitigate the negative effects of globalisation, countries can focus on:
Question : The 1991 economic policy in India aimed to address:
Question : The economic liberalization reforms of 1991 in India aimed to:
Question : Privatization refers to the transfer of ownership and control of:
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