Complementary Relationship between Liberalisation and Globalisation:
Liberalisation and Globalisation are two concepts that are often seen as complementary rather than contradictory. Let's delve into the reasons why they are considered to have a complementary relationship:

1. Economic Growth:
- Liberalisation involves reducing restrictions on trade and investment, which can lead to increased economic growth.
- Globalisation involves the integration of economies through increased trade and investment, which also contributes to economic growth.

2. Market Access:
- Liberalisation allows for easier access to foreign markets by reducing trade barriers such as tariffs and quotas.
- Globalisation facilitates the flow of goods, services, and capital across borders, further enhancing market access.

3. Innovation and Competition:
- Liberalisation encourages innovation and competition by exposing domestic industries to foreign competition.
- Globalisation promotes innovation by allowing companies to access new markets and technologies from around the world.

4. Efficiency and Productivity:
- Liberalisation can lead to increased efficiency and productivity as firms are forced to become more competitive in the global market.
- Globalisation can also drive efficiency and productivity improvements as companies adopt best practices from other countries.

5. Job Creation:
- Liberalisation and Globalisation can create new job opportunities by expanding markets and attracting foreign investment.
- While there may be concerns about job displacement in certain industries, overall, the combination of liberalisation and globalisation can lead to net job creation.
In conclusion, Liberalisation and Globalisation are often viewed as complementary forces that work together to promote economic growth, innovation, efficiency, and job creation. While there may be challenges and criticisms associated with both concepts, their combined impact has the potential to bring about significant benefits for economies around the world.