Chapter 4

NCERT
Class 10
Economics
Solutions
7. How has liberalisation of trade and investment policies helped the globalisation process?

Question:

How has liberalisation of trade and investment policies helped the globalisation process?

Answer:

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.

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