Impact of Economic Liberalization and Globalization
This content discusses the positive and negative impacts of economic liberalization, including the abolition of certain systems, industrial location changes, benefits of competition, and issues faced. Privatization's impact is also explored, highlighting benefits like de-reservation and disinvestment alongside challenges. Globalization is analyzed in terms of interlinking domestic and world economies, customs duties reduction, and fewer restrictions on remittances abroad.
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Presentation Transcript
IMPACT OF LIBERALIZATION Positive impact 1. Impact of abolition of phased manufacturing system 2. Of industrial location 3. Impact of broad banding of industries 4. Benefits of competition Act,2002 5. Benefits of delicensing
IMPACT OF LIBERALIZATION Negative Impact 1. Problem of phased manufacturing programme 2. Problem of liberalization of industrial location 3. Problem of broad banding of industries 4. Problem of de-licensing
IMPACT OF PRIVATIZATION Positive impact 1. Benefits of de-reservation 2. Benefits of disinvestment Negative impact 1. Problem of de-reservation 2. Problem of disinvestment
IMPACT OF GLOBALIZATION 1. Involves interlinking of domestic economy with world economy. 2. Involves reduction / withdrawal of custom duties, quotas, less restriction on remittances abroad
