What is the term for the degree to which products, communications, financial instruments, fixed assets, and people can circulate throughout the world economy free from state-imposed controls?

Question

Quizplus · Accepted Answer

Liberalization refers to the process of reducing state-imposed restrictions to allow for the free movement of goods, services, capital, and labor across borders. This concept is directly related to the idea of increasing the flow of products, communications, financial instruments, fixed assets, and people globally without the hindrance of government controls.

What Is the Term for the Degree to Which Products