Nagarjun here please help me getting the advantages and disadvantages of trade libralization

advantages and disadvantages of liberalisation pdf

In general, liberalization (or liberalisation) refers to a relaxation of government restrictions, usually in such areas of social, political and economic policy. In some contexts, this process or concept is often, but not always, referred to as deregulation.[1] Liberalization of autocratic regimes may precede democratization (or not, as in the case of the Prague Spring).