This article provides information about the relationship between globalisation and free trade: Globalisation brought about internationalisation of economic activities, especially with US and UK taking to greater interest in market coordination during 1980s. There was greater emphasis on private enterprise during Ronald Reagan and Margaret Thatcher’s regime in US and UK respectively. During this period,… Continue reading Relationship between Globalisation and Free Trade – Explained!
Tag: Trade
GATS Implications on Various Aspects of Social Development
GATS has several implications on various aspects of social development, especially in the health and education sectors: Health: The health sector has a high degree of government involvement in the developing countries, as it is an area of immediate social concern.
Major Concerns Regarding Liberalisation of Trade in Developing Countries
This article provides information about the major concerns regarding liberalisation of trade in developing countries: Developmental concerns of the developing countries. It has been assumed by a section of scholars that “trade liberalisation in service can result in increased competition, lower prices, more innovation, technology transfer, employment generation, and greater transparency and predictability in trade… Continue reading Major Concerns Regarding Liberalisation of Trade in Developing Countries