ECONOMIC LIBERALIZATION is a very broad term that usually refers to fewer government regulations and restriction 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 Investment limit of Small Scale Industries. > Freedom to Import the Capital Goods and Raw Material. > Freedom to Import Technology. > Liberalization of Export and Import transactions. > Liberalization in Taxation policy.

> 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. > Increased Dependence on Foreign Nations. > Unbalanced Development. > Increase In the Imbalances.

PRIVATIZATION
Privatization is the process of transferring ownership of a business, enterprise , agency or public service from government to private sector. In broader sense Privatization refers to transfer of any government function to private sector including functions like revenue collection and law enforcement.

MEASURES ADOPTED FOR PRIVATIZATION

Contraction of Public Sector through : Sales of shares of public sector to private sector. Closing down of Sick public sector industries Memorandum of understanding National Renewal Fund

Supporting Views
Increase in Efficiency Goals Job gains Concentration of wealth Accountability

Opposing Views
Performance Corruption Concentration of Wealth Job Loss Profit

GLOBALIZATION
Globalization refers to 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 to Economic Globalization : the Integration of National economies into International Economy through Trade , FDI, Capital Investment and Foreign Technology.

MEASURES ADOPTED FOR GLOBALIZATION

Increase in Foreign Investment Partial Convertibility of Indian Rupee Foreign Trade Policy Reduction In import tariff Export Promotion Freedom to repatriate

POSITIVE EFFECTS OF GLOBALIZATION

Increase in foreign trade Increase in foreign investment FDI Increase In foreign Collaboration Increase in foreign exchange reserves Expansion Of market Technological Development Brand Development Development of Service Sector Development Of Capital Market Increase in Employment Reduction In Brain Drain Improvement in Standard of living

NEGATIVE IMPACTS OF GLOBALIZATION

Loss of domestic industries Unemployment Exploitation of labour Increase in inequalities Dominance of Foreign Institutions

THANK YOU

Presented By: Vansha Mehra Sanchita Kapoor Pallavi Chopra