Regarding civil rights, it may refer to the elimination of laws prohibiting homosexuality, property rights, private ownership of firearms, same-sex marriage, inter-racial marriage, or inter-faith marriage. As the name suggests, these reform measures were made in different areas related to the industrial sector.
Current globalization trends can be largely accounted for by developed economies integrating with less developed economies by means of foreign direct investment, the reduction of trade barriers as well as other economic reforms, and, in many cases, immigration.
The trade policy reforms aimed at i Dismantling of quantitative restrictions on imports and exports ii Reduction of tariff rates and iii Removal of licensing procedures for imports.
Reforms related to the Public sector enterprises: reforms in the public sector were aimed at enhancing efficiency and competitiveness of the sector.
For example, sushi is available in Germany as well as Japan, but Euro-Disney outdraws the city of Paris, potentially reducing demand for "authentic" French pastry. For instance, 10 Chowdhury, F. The Government is pledged to devolve full managerial and commercial autonomy to successful, profit-making companies operating in a competitive environment.
It can also be referred as an international corporation, a transnational corporation, or a stateless corporation.
The Policy has brought comprehensive changes in economic regulation in the country. Depending on the paradigm, economic globalization can be viewed as either a positive or a negative phenomenon.