Chapter 4 · Question 4
What is liberalisation of foreign trade and investment?
Answer
Direct Answer
Liberalisation means removing or reducing government barriers such as quotas, restrictions, and high taxes on imports and foreign investment. It allows goods and capital to move more freely across countries.
Simple Explanation
Liberalisation means removing or reducing government barriers such as quotas, restrictions, and high taxes on imports and foreign investment. It allows goods and capital to move more freely across countries.
Exam-Ready Structure
Liberalisation means removing or reducing government barriers such as quotas, restrictions, and high taxes on imports and foreign investment. It allows goods and capital to move more freely across countries.
Key Points
- Liberalisation means removing or reducing government barriers such as quotas, restrictions, and high taxes on imports and foreign investment.
- It allows goods and capital to move more freely across countries.