Liberalization, Privatization, Globalization

relaxation, Privatization, Globalization world(a) political economy Reasons for implementing LPG Excess of inspiration and expenditure over revenue resulting in heavier-than-air government borrowings. ? Growing inefficiency in the use of resources. ? Over protection to pains ? Mismanagement of firms and the economy ? Mounting losses of familiar drop of heaven enterprises ? General Economics:Liberalization,Privatization,Globa lization 2 Reasons for implementing LPG ? ? ? ? Various distortions equivalent poor technological development shortage of alien 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 normally in areas of kind and economic policies. Thus, when government liberalizes trade it marrow 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 world to private ownership or control and the opening of the until like a shot closed areas to private sector entry. Privatisation can be achieved in many waysfranchising, leasing, contracting and divesture. General Economics:Liberalization,Privatization,Glo ba lization 5 Conditions for privati! saton ? easiness and de-regulation of the economy is an inwrought prerequisite if privatisation is to take off and sponsor realize higher productivity and profits. General Economics:Liberalization,Privatization,Globa lization 6 Conditions for privatisaton ? Capital markets should be sufficiently developed to be open to absorb the disinvested public sector shares....If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper