How has liberalisation of trade and inve | Class 10 Social Science - Understanding Economic Development Chapter Globalisation and the Indian Economy, Globalisation and the Indian Economy NCERT Solutions

Question:

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

Answer:

The liberalization of trade and investment policies helped the globalization
process in the following ways:

- It has helped in the removal of trade barriers.

- It has made foreign trade barriers.

- It led to the increase in imports and exports across the nations thereby                contributing to the process of globalization.

- It has allowed the developed countries to establish their industries and offices      in thedeveloping countries to establish their industries and offices in the              developing countries which in turn is helping in the spread of globalizations.


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Welcome to the NCERT Solutions for Class 10 Social Science - Understanding Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 7: How has liberalisation of trade and investment policies helped the globalisation process?....