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Liberalisation, Privatisation And Globalisation : An Appraisal

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What is the meaning of globalisation?

Solution

Globalisation means the integration of economies worldwide through trade, financial flows, technology spillovers and information networks. It means the unification or integration of domestic economy with the rest of the world through trade, capital and technology flows.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

What is liberalisation?

What is privatisation?

What is the meaning of globalisation?

Why did the New Economic Policy emphasize a shift towards private sector?

Why was the rate of growth of private sector industries slow before 1991?

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

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