Economics · Economic Reforms
Which of the following correct relationship defines liberalisation and globalisation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Liberalisation and globalisation mean exactly the same thing in all contexts.
- 2They are unrelated concepts with opposing objectives.
- 3Liberalisation promotes economic openness, while globalisation involves the integration of economies on a global scale.✓
- 4Globalisation restricts trade, while liberalisation expands it.
Correct answer
Liberalisation promotes economic openness, while globalisation involves the integration of economies on a global scale.
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