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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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What are the causes of Globalisation?

Solution

The main causes of Globalisation are as follows:

(i) Rapid growth of research and development.

(ii) Removal of artificial barriers to the movement of goods, services and capital.

(iii) Spreadout of the manufacturing processes by the large companies.

(iv) Deregulation of money market.

(v) Improvement in communication media and information technology.

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