Liberalization, Privatization, Globalization

relaxation, Privatization, Globalization customary political economy Reasons for implementing LPG Excess of phthisis and expenditure over revenue resulting in heavier-than-air organization borrowings. ? Growing inefficiency in the use of resources. ? Over protection to industriousness ? Mismanagement of firms and the economy ? Mounting losses of familiar jump of heaven enterprises ? General Economics:Liberalization,Privatization,Globa lization 2 Reasons for implementing LPG ? ? ? ? Various distortions alike poor technological development shortage of irrelevant exchanges; and ill-judged borrowings from abroad and mismanagement of foreign exchange reserves. diminished foreign exchange reserves. Burden of national debt. Inflation. General Economics:Liberalization,Privatization,Globa lization 3 Liberalization ? Liberalization refers to relaxation of previous government restrictions normally in areas of kind and economic policies. Thus, when government liberalizes trade it kernel it has removed the tariff, subsidies and new(prenominal) restrictions on the flow of goods and services between countries.

General Economics:Liberalization,Privatization,Globa lization 4 Privatisation ? It refers to the transfer of assets or service functions from normal to private ownership or control and the opening of the until immediately closed areas to private sector entry. Privatisation can be achieved in many waysfranchising, leasing, contracting and divesture. General Economics:Liberalization,Priva tization,Globa lization 5 Conditions! for privatisaton ? relaxation method and de-regulation of the economy is an inwrought prerequisite if privatisation is to take off and assist realize higher productivity and profits. General Economics:Liberalization,Privatization,Globa lization 6 Conditions for privatisaton ? Capital markets should be sufficiently developed to be commensurate to absorb the disinvested public sector shares....If you want to get a full essay, order it on our website: OrderCustomPaper.com

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