While many domestic institutions play an important role in the globalization process, describe three fundamental policy measures that those countries need to promote in order to benefit from globalization. How would these policies be implemented? How might these policies be promoted?

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tnbuzz9612 tnbuzz9612

30-01-2020
Business

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While many domestic institutions play an important role in the globalization process, describe three fundamental policy measures that those countries need to promote in order to benefit from globalization. How would these policies be implemented? How might these policies be promoted?

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osondumartins osondumartins · Answer 1 · 2020-01-30T11:54:29+01:00

Answer:Policies( Adopt a free market economy, developing bilateral relationships with other countries and develop infrastructures)

IMPLEMENTATION ( make the enabling laws, consultation and collaboration with the international market and execution of infrastructural projects.

POLICY PROMOTION (through internet,mass media and educating the public, international forums like WEF etc)

Explanation: Globalization is a term used to describe the interconnection of the world's economies,through businesses, Cultural, religious etc relationships.

For a country to globalize certain beneficial policies must be put in place,like Adopting a free market system,developing bilateral relationships with other countries and making policies to enable the building of local infrastructures.

These policies can be implemented through consultation with stakeholders, collaboration with foreign partners and projects execution etc.

These policies can be promoted through the Internet,social media, and educating the General public on the need to globalize and attending international forums like world economic forum etc.