Advertisements
Advertisements
Question
How has liberalisation of trade and investment policies helped the globalisation process?
Advertisements
Solution
- 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.
APPEARS IN
RELATED QUESTIONS
What is meant by trade barrier?
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
Differentiate between investment and foreign investment.
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'?
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
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:
Which of the following was the main channel connecting distant countries was:
Foreign Trade creates an opportunity for the producers to:
Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:
- The choice of goods in the markets increase.
- Producers from two countries closely compete against each other despite the distance between their locations.
- Foreign trade thus results in connecting the markets or integration of markets in different countries.
- The quality of the product is always good.
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
