Liberalisation, initiated in the late 1980s, involves policies like privatisation and the loosening of government regulations on trade and capital. In my opinion, the impact of liberalisation has been mixed, and for many sectors, the costs seem to outweigh the benefits.

On one hand, liberalisation has stimulated economic growth and allowed foreign companies to enter the market. Sectors like software and information technology, as well as agriculture in areas like fish and fruit, have benefited from access to a global market. Advocates believe this increases efficiency and reduces the government's burden.

However, there are significant disadvantages. Many argue that the net impact is negative. Sectors such as automobiles, electronics, and oilseeds cannot compete with foreign producers. Additionally, the reduction of support prices and subsidies has hurt farmers, making it hard for them to make a decent living.

Furthermore, employment has suffered in some areas. The privatisation of public companies has led to job losses and a shift towards the unorganised sector. This shift is detrimental because the organised sector offers better pay and security. Thus, while growth occurred, the costs for workers and small producers remain high.