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 Economic liberalization is a very

broad term that usually refers to


fewer government regulations and
restrictions in the economy in
exchange for greater participation of
private entities.
 Liberalization for industrial licensing.
 Concession from Monopolies Act.
 Freedom for expansion and production to
industries
 Increase in the investment limit of the small
industries.
 Freedom to import the capital goods and raw
material.
 Freedom to import technology.
 Liberalization of export and import transactions.
 Liberalization in taxation policy.
 Liberalization in capital markets.
 Liberalization in banking sector.
 Increase the foreign investment.
 Increase the foreign exchange
reserve.
 Increase in consumption.
 Control over price.
 Check on corruption.
 Reduction in dependence on external
commercial borrowings.
 Increase in unemployment.
 Loss to domestic units.
 Increase dependence on foreign
nations
 Unbalanced development
 Increase the imbalances.
Privatization
Privatization is the incidence or process of
transferring ownership of a business,
enterprise, agency or public service from the
government to the private sector. In a
broader sense, privatization refers to transfer
of any government function to the private
sector including governmental functions like
revenue collection and law enforcement.
Measures adopt for
privatization.
Contraction of public sectors
Sales of shares of public sectors to the private
sector.
Sick public sectors industries.
Memorandum of understanding
National renewal fund.
Advantages of
privatization.
Increase in efficiency.
Professional management.
Increase in competition.
In line with international trends.
Reduction in economic burden of Govt.
Increase in responsibility.
Reduction in political interference.
Encouragement to new innovations.
Increase the industrial growth.
Increase the foreign investment.
Reduction in public sectors.
Limitations of
privatization.
Industrial sickness.
Lack of welfare.
Class struggle.
Increase in inequality.
Opposition by employees.
Problem of financing.
Political pressure.
Increase in unemployment.
Ignores the weaker sections.
Ignores the national importance.
Globalization
Globalization describes an ongoing process
by which regional economies, societies, and
cultures have become integrated through a
globe-spanning network of exchange. The
term is sometimes used to refer specifically to
economic globalization: the integration of
national economies into the international
economy through trade, foreign direct
investment, capital flows, migration, and
the spread of technology.
Measures adopted for
globalization.
Increase the foreign investment.
Partial convertibility of Indian rupee.
Foreign trade policy.
Reduction I tariffs.
Export promotion.
Freedom to repatriate.
Positive Effects of
globalization.
 Increase in foreign trade.
 Increase in foreign investment.
 Foreign direct investment(FDI).
 Increase in foreign collaboration.
 Increase in foreign exchange reserves.
 Expansion of market.
 Technological development.
 Brand development.
 Development of services sectors.
 Development of capital market.
 Increase in employment.
 Reduction in brain drain.
 Improvement in standard of living.
Negative effects of
globalization.
Loss of domestic industries.
Unemployment.
Exploitation of labour.
Demonstration effect
Increase in inequalities.
Dominance of foreign institutions.
Thank You….

Presented By:
Shubham Hundet

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