The Western world loves liberalisation, provided it doesn't affect them.
History shows that, more often than not, loss of sovereignty leads to liberalisation imposed in the interests of the powerful.
I have been to China. I noticed that wherever you went, you could ask an ordinary citizen, and he would explain, in detail, about free markets and all the other jargon of liberalisation.
I certainly believe that we gain through open trade and liberalisation.
The urbanising middle class of the 1960s and 1970s had schools, hospitals, roads, energy services, even cultural institutions - all created by the state, or under its aegis. When liberalisation came along, they were poised and ready for take-off.
Post globalisation, the debate has been, 'How much more are we going to liberalise?'
With liberalisation, Indian industry gained international exposure because of which it became imperative for companies to rework their strategies to become globally competitive.
There are high hopes of France and what they're trying to achieve there by liberalising the labour market and other reforms. You lose some, you gain some.
Those who refuse to liberalise and globalise are doomed to failure.
