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Globalization and liberalization are closely interconnected concepts that influence the economic structure and policies of nations. Globalization refers to the process of integrating economies, societies, and cultures through the exchange of goods, services, capital, technology, and information across international borders. It leads to a more interconnected and interdependent world where economic activities in one country can have significant impacts on others. Liberalization, on the other hand, is the policy of reducing government restrictions and regulations in the economy to encourage greater participation of ________ __________ ________ _____ _______ ________ _____ _________ _________.
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