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प्रश्न
How has liberalisation of trade and investment policies helped the globalisation process?
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उत्तर
- Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier.
- Earlier, several developing countries imposed barriers and restrictions on imports and foreign investment to protect domestic production. However, to improve the quality of domestic goods, these countries have removed the barriers.
- Thus, liberalisation has led to further globalisation, as businesses are now allowed to make their own decisions about imports and exports. This has led to a deeper integration of national economies into one conglomerate whole.
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संबंधित प्रश्न
What is meant by trade barrier?
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
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Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
What is the meaning of 'investment'?
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
Distinguish between investment and foreign investment.
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Analyze the contribution of foreign investment in globalization.
Entry of MNCs in a domestic market may prove harmful for:
Cheaper imports, inadequate investment in infrastructure lead to:
Foreign trade results in connecting the markets or integration of markets:
Foreign Trade creates an opportunity for the producers to:
"Foreign trade has been the main channel of connecting countries for a long time." Analyse the statement.
Which one of the following statements best describes the meaning of 'Globalisation'?
