Obstacles to trade put up the cost both to consumers and businesses.
This is not bad, but the pace of globalisation has surpassed the capacity of the system to adjust to new realities of a more interdependent and integrated world.
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.
Policies aimed at attracting more foreign investment into India would naturally be a part of an external stabilisation strategy.
I believe that we will benefit more by globalisation.
The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.
Post globalisation, the debate has been, 'How much more are we going to liberalise?'
One of the main priorities of Russia's economic policy is to create conditions and form our own financial resources for economic modernisation.
With liberalisation, Indian industry gained international exposure because of which it became imperative for companies to rework their strategies to become globally competitive.
In their pursuit of growth and diversification, African economies should consider transforming the discourse from a focus on industrialisation to a broader one centred on value addition in agriculture, manufacturing, and services.
When President Kirchner complains, I often sympathise with him, because Argentina was deindustrialised, and it is perfectly normal for the president of a country to try to get industry back.
Most trade agreements arise from a desire to liberalise trade - making it easier to sell goods and services into one another's markets. Brexit will not.
We must recognise that in a globalised world, we cannot remain insulated from external developments. India's trade performance in the current year has been robust, surpassing pre-crisis export levels and pre-crisis export growth trends. We have diversified our export baskets and our export destinations.
