Liberalization of trade and investment policies helps in the globalization process in the following ways, which are as follows :

(i) Liberalization gives opportunities to the industries to expand according to the market. This helps globalization.

(ii) Liberalization of investment helps in setting up new businesses, which is a part of globalization.

(iii) Liberalization of trade means removal of unnecessary trade restrictions due to which import-export between countries has become easier. Globalization has been born out of this process.