what is libralization, privatiazation &gloablization and how a country's economy effected by it?

Answer 1

When you say "how it is effected by IT," you imply that these three terms are somehow equivalent, or at least not contradictory. Let's try it.

Liberalization generally is a term that liberals use, oddly enough. However, I don't like most liberals, so I will try to devise a better use for the term. Where most liberals (OK; Democrats and/or Greens, I suppose) and I agree is usually on social issues. Whether you have a right to privacy, whether it would be a good idea to end the drug war, things like that. We are miles apart on economic issues, but that's different. Where we agree, we shall call "liberalization."

Now, releasing people from the fetters of being illegal has an economic effect. Privatization is the process of taking advantage of that economic effect personally, instead of setting up big regulatory bureaucracies to stifle it. And globalization is the realization that we do have a global economy, what with the Internet and various international parcel services and so on. We can buy and sell things all over the world, and that effects the world economy whenever a bureaucrat doesn't get in the way.

There, did I put them together for you?

Answer 2

YOU IN X?spell them right!
libralization is relaxing laws that hinder production by Non-govt. (private) companies.

privatization means allowing private companies to what was resticted to govt. companies.(airlines etc.)

globalization means allowing international companies to come, sell goods here.