| Globalisation | Privatisation |
| (i) Globalisation refers to “all those processes by which the people of the world are incorporated, into a single world society.” | (i) Privatisation means “transferring of ownership rights from public sector to the private sector”. |
| (ii) Eliminating the trade barriers, relaxing the FERA/FEMA regulations, and other incentives to the foreign investors. | (ii) The policy of disinvestment is adopted to privatise the public sector enterprises. |
| (iii) Globalisation leads to sharing of resources, goods, and capital across the country. | (iii) The public sector enterprises are taken over by the private sector. It enables the country to improve the efficiency of these enterprises. |
| (iv) It has adversely affected agriculture and is a cause of misery in the rural area. | (iv) Their policies lead to an increase in unemployment.] |
