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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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Differentiate between Multilateral trade agreements and Bilateral trade agreements.

Solution

Multilateral trade agreement involves more than two countries, whereas bilateral trade agreement involves only two countries.

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

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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What does foreign direct investinent mean?

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