How has liberalisation of trade and investment policies helped the globalisation process?
Liberalisation of trade and investment policies has helped the globalisation process by removing barriers or restrictions set by the government on foreign trade and investment. This has meant that goods could be imported and exported easily and foreign companies could set up factories and offices in different countries.
With liberalisation, businesses are allowed to make decisions freely about what they wish to import or export. The government imposes much less restrictions than before. This has facilitated the movement of goods, services and investments across countries, thereby promoting globalisation.
Explanation
The answer draws directly from the textbook context which explains that liberalisation removes barriers on foreign trade and investment, allowing easy import-export and enabling foreign companies to set up operations. The context clearly states that liberalisation of trade and investment policies is one of the factors that has facilitated globalisation, along with improvements in technology and pressures from international organisations like WTO.