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What is the difference between globalization and liberalization?


What is the difference between globalization and liberalization?

Globalization: A term used to describe growing interdependence of people around the world with regard to societal influence, economies, and cultural exchanges.

Liberalization: In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy.

Difference: As you learn, globalization is integration between people around the world. Liberalization is policy of 'flexibility' or 'moderanization' within a country.

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