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Read the following statements for stimulating the process of globalisation and choose the correct option: I. Government reduces trades barriers II. Government reduces competition among producers III. Government reduces import and export taxes IV. Government removes restrictions on foreign investment. Options:
Option (C) is correct because globalisation is encouraged when the government reduces trade barriers, lowers import–export taxes and removes restrictions on foreign investment. These steps attract global companies and promote free flow of goods, capital and technology.
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