The document discusses liberalization as a concept favoring reduced government regulation in the economy, emphasizing its importance for fostering mutual tolerance among nations. It highlights the role of education as essential for economic development and notes various outcomes of liberalization, such as increasing foreign investment, enhancing competition, and encouraging technological advancements. The document also outlines potential drawbacks like increased dependence on foreign nations and the risk of unbalanced development.

2. Liberalization is a very broad term that usually
refers to favor of government regulation and
restrictions in the economy.
Liberalization means making rules &
regulations or running economic units
liberally.
The rules can be liberal in the area of
licensing, export-import, technology up
gradation, fiscal policy, foreign investment,
removal of control & restrictions.

3. The importance of liberalization is also being
recognized now .
It is being felt now that nation should have to
tolerance for each other.
 This inspires the nation for liberalization and
tolerance.
This establishes a balance among the mutual
behavior of the nations on the basis of
chances.

4.  The concept of education as a liberalization
has grown rapidly and is increasing believed
by every state that the development of the
education sector is the key per-requisite for
the growth of other development sectors.
Education is a service sector because it is
designed to produce educated men &
women who will contribute to the labour
market & ultimately the economy.

5.  Relief for foreign investors.
 Devaluation of Indian rupees.
 New industrial policy.
 New trade policy.
 Development of import restrictions.
 Liberalization of NRI remittance.
 Freedom of import technology.
 privatization of public sector.

6. Industrial licensing
Development in economy without capital
investment.
Increase the foreign investment.
Increase the foreign exchange reserve.
Increase in consumption & control over price.
Check on corruption.
Deduction in dependence of external commercial
borrowing.

7.  Increase in unemployment.
 Loss to domestic units.
 Increase dependence of
foreign nation.
 Unbalanced development.

8. Opening the doors for doing business to all over the
world.
Opening the gate of industrial trade &investment.
Increase in employment.
Arrival of new technology
Increase our currency value.
Increase consumption & adaptation of new style.
Increment in competition.
Increment in foreign investor.

9. Improvemt in administration.
Increment in teaching skill
Learning by audio-visual aids,
Making new associating committees.
Developing new technology
Developing creative aspects in schools.
Physical, social, economic & mental development
in child or students.

10. AASTHA BHATIA