Practicing Success
Practicing Success
CUET Preparation Today
| In many ways it was a major political change, namely, the collapse of the erstwhile socialist world that hastened globalisation. And also gave a specific economic and political approach to the economic policies that underpin globalisation. These changes are often termed as neo-liberal economic measures. We have already seen what concrete steps the liberalisation policy took in India. Broadly these policies reflect a political vision of free enterprise which believes that a free reign to market forces will be both efficient and fair |
| Select a basic feature of the neoliberal economy from the following statements. |
Strengthening of the national economy. Decreasing subsidies in education, health and agriculture. More chances for the traditional small scale weavers and handicraft makers. Strengthening of welfare measures controlled by the state. |
| Decreasing subsidies in education, health and agriculture. |
| Globalization and neoliberal economic policies are critical of both state regulation and state subsidies. The existing process of globalisation in this sense does have a political vision as much as an economic vision. |
