Question

1. Discuss some of the general changes in economic policies by govts that have contributed to globalisation.

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Answer 1

General changes like relaxation of foreign direct investment, liberalisation of sectors, easing corporate governance and taxation policies, inducing higher government spending on sectors, stability by government regime all have aggressively advertised for globalisation. Moreover additional benefits like lower unemployment, increasing forex reserves, reduction in current account deficit, better accessibility to goods, higher variety and quality as weel as differentiation, improved bilateral relationships have all collectively propelled for globalisation.

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