Q.7:- How has liberalization of trade and investment policies helped the globalization process?
Through liberalization barriers on foreign trade and foreign investment have been removed to a great extent. This has helped in the import and export of goods. This means that goods can be exported and imported easily and also foreign companies could set up factories and offices here. Larger foreign investment and larger foreign trade have led to greater integration of production and markets across countries. As a result, more and more companies are coming closer to each other due to MNCs.