Role of national governments in promoting globalisation Flashcards
1
Q
What is free market liberalisation?
A
The reduction of rules restricting economic activity and companies
2
Q
Why do governments carry out free market liberalisation?
A
Some governments believe that rules make businesses inefficient and reduce motivation and innovation
3
Q
What is privatisation?
A
Transfer of ownership of a business or service from the public sector to the private sector
4
Q
How are business start ups encouraged by governments?
A
Loans for new businesses
Low business taxes
5
Q
In what year did the UK conservative government start a programme of deregulation and privatisation?
A
1979
6
Q
What public sector businesses were privatised?
A
British Telecom
British Rail
British Gas
