Liberalisation These cards overview the benefits and drawbacks of liberalisation 2.0 / 5 based on 1 rating ? Business StudiesASAll boards Created by: Elina AndersonCreated on: 10-02-11 11:24 Definition Liberalisation means removing some trade barriers such as tariffs and qoutas 1 of 3 Benefits - Increase in customer choices at lower prices - Growth of national wealth - Continual improvement of productivity 2 of 3 Drawbacks -Raising unemployment rates due to lack of skills -High competition -Rich countries exploited the poor countries 3 of 3
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