Liberalization, Privatisation and Globalisation

The category of Liberalization, Privatisation, and Globalisation encompasses the transformative processes that have reshaped economies and societies worldwide. Liberalization refers to the removal of government restrictions and barriers in trade and investment, fostering competition and innovation. Privatisation involves transferring ownership of public assets to the private sector, enhancing efficiency and service delivery. Globalisation signifies the increasing interconnectedness of economies, cultures, and populations across the globe, leading to the exchange of goods, services, and ideas. This category explores the implications, benefits, and challenges of these phenomena on both local and global scales.