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GLOBALIZATION - Coggle Diagram
GLOBALIZATION
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LIBERALIZATION
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Definition of Liberation
Globalization as Liberalization is loosening of social and economic restrictions that leads to improved economic and international integration.
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Definition of Liberation
To have an open and borderless world economy, liberalization is the way or a process to remove government-imposed restrictions on the movements between nation.
Liberalization involves removing or lowering prohibitions or obstacles to international trade in goods. It typically has to do with activities that has occurred as a result of modernization and growth inside a certain nation.