What is the democratization process?

Democratization, or democratisation, is the transition to a more democratic political regime, including substantive political changes moving in a democratic direction. Some accounts of democratization emphasize how elites drove democratization, whereas other accounts emphasize grassroots bottom-up processes.

What is the Liberalisation process?

Liberalisation is the process or means of the elimination of control of the state over economic activities. It provides a greater autonomy to the business enterprises in decision-making and eliminates government interference.

Is Liberalisation and liberalization same?

Liberalization or Liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions.

What are the features of liberalisation?

Features of liberalisation in India

• Abolition of the previously existing License Raj in the country.
• Reduction of interest rates and tariffs.
• Curbing monopoly of the public sector from various areas of our economy.
• Approval of foreign direct investment in various sectors.

What is the aim of liberalisation?

The main objectives of the liberalisation policy are as follows: To increase international competitiveness of industrial production, foreign investment and technology. To increase the competitive position of Indian goods in the international markets. To improve financial discipline and facilitate modernisation.

What is liberalisation in simple words?

In simple words, liberalisation refers to a relaxation of government restrictions in the areas of social, political and economic policies. It is a process to removing controls systems in order to encourage economic development.

What do u mean by liberalization?

Liberalization, the loosening of government controls. Although sometimes associated with the relaxation of laws relating to social matters such as abortion and divorce, liberalization is most often used as an economic term. In particular, it refers to reductions in restrictions on international trade and capital.

What are the five goals of democracy?

As an ideal, democracy aims essentially to preserve and promote the dignity and fundamental rights of the individual, to achieve social justice, foster the economic and social development of the community, strengthen the cohesion of society and enhance national tranquillity, as well as to create a climate that is …

Can a liberalization take place without a democratization?

Liberalization can take place without democratization, and deals with a combination of policy and social change specialized to a certain issue, such as the liberalization of government-held property for private purchase.

Which is the best definition of the term democratization?

Democratization (or democratisation) is the transition to a more democratic political regime, including substantive political changes moving in a democratic direction. It may be the transition from an authoritarian regime to a full democracy, a transition from an authoritarian political system to a semi-democracy…

What’s the difference between a liberalization and a privatization?

Difference between Liberalization and Privatization: Liberalization is the removal or loosening of restrictions on something, typically an economic or political system. Liberalization refers to the relaxation of government restrictions in areas of economic policies.

Which is the best description of economic liberalization?

Economic liberalization refers to the reduction or elimination of government regulations or restrictions on private business and trade. It is usually promoted by advocates of free markets and free trade, whose ideology is also called economic liberalism.