Presentation on the topic

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• Presentation on the topic
• Globalization
• Privatization
• Liberalization

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CONTENTS

• GLOBALIZATION
• CONCEPT
• TYPES
• ADVANTAGES AND DISADVANTAGES
• PRIVATIZATION
• CONCEPT AND TYPES
• ADVANTAGES AND DISADVANTAGES
• LIBERALIZATION
• CONCEPT
• ADVANTAGES
• IN CONTEXT OF NEPAL

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Concept of Globalization

• Globalization is the process of integration
  between national economies and rest of the world.
• According to world bank, Globalization is trade
  flows, investment flows and financial flows and
  extent to flows of technology, information and
  services across national boundaries.
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• Globalization Is mainly facilitated by the
  organization like WTO,ASEAN, SAARC etc.
• WTO refers to the World Trade Organization which
  was established to supervise liberalize.
  International trade was established in January,
  1,1995.
• It is the process to promote economic
  interdependence between countries of the world
  and free movement of products across orders and
  flow of capital, labor and technology. 4

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Types
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Pictures
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Pros

• local employment and career opportunities can bé
  developed.
• Consumer get qualitative Product at affordable
  Price.
• It help to transfer global capital as well as
  Manpower.
• Efficient allocation of resources in différent
  line of production can bé done. 7

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Cons

• It destroys infant growing industries.
• It promotes social evils such as prostitution,
  women traffickig, terroirism etc.
• Promotion of global technologies displaces
  traditional art and culture.
• It damages environment due to fast exploitation
  of natural resources.
• Less developed countries will be highly dominated
  by the devloped countries. 8

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Concept of Privatization

• Privatization means leaving the economy from
  government control to market.
• Privatization implies the process which transfers
  an enterprise totally or partially which is owned
  either directly or indirectly by the state to the
  private sector.
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• It has became a central feature of the economic
  policies in many countries in the présent
  context.
• The intention of privatisation is to make
  industries competitive by shifting the control or
  ownership of the means of production from state
  to common people so that these enterprises are no
  under political domain.
• TYPES PROPERTY SALE, EQUITY SALE,MGMT
  CONTRACT 10

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Pros

• Raising revenue for the government from the
  sales.
• Increased competition between private sector
  companies
• Increases efficiency of the managers
• Wider share ownership
• Cost pull inflation can be reduced 1
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Cons

• Individual is not the best judge
• Long term loss of the revenue
• Competition in product markets may not be
  increased
• Market forces may not ensure great efficiency
• Private sector firms may not act in public
  interest
• Loss of government control over economy 12

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Liberalization

• Privatization is the process of liberalization.
• Economic liberalization means the process of
  shifting the economy from government control to
  market economy.
• It is encouraging the private sector to set into
  the economic activities on a competitive basis by
  reducing the governments interference.
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Pros

• in the medium and long term lower cost services
  provided to users.
• freeing up government funds for other social
  expenditures / investments.
• attract foreign capital by potential investors,
  better suited to carry out investment.
• increase entrepreneurship in country.
• overall the quality of service is improved due to
  competition.
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