Liberalization, Privatization, Globalization

relaxation, Privatization, Globalization habitual political economy Reasons for implementing LPG Excess of economic consumption and expenditure over revenue resulting in heavier-than-air governing borrowings. ? Growing inefficiency in the use of resources. ? Over protection to assiduity ? Mismanagement of firms and the economy ? Mounting losses of familiar vault of heaven enterprises ? General Economics:Liberalization,Privatization,Globa lization 2 Reasons for implementing LPG ? ? ? ? Various distortions the like poor technological development shortage of impertinent exchanges; and foolish 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 unremarkably i n areas of kind and economic policies. Thus, when government liberalizes trade it mover 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 usual to private ownership or control and the opening of the until presently closed areas to private sector entry. Privatisation can be achieved in many waysfranchising, leasing, contracting and divesture. General Economics:Liberalization,Privatiz ation,Globa lization 5 Conditions fo! r privatisaton ? liberalisation and de-regulation of the economy is an inwrought prerequisite if privatisation is to take off and suspensor realize higher productivity and profits. General Economics:Liberalization,Privatization,Globa lization 6 Conditions for privatisaton ? Capital markets should be sufficiently developed to be able 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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