3.Based on the above reading by Greenidge and Belford(2001),how was financial liberalization supposed to affect economic growth?[9marks]see attachment for article.ANSWER IS UPPOSED TOCOME FROM THE...

When a state liberalizes, the financial ramifications for the United States and investors can be severe. Liberalization is defined as the liberalization or relaxation of legal or policy guidelines by a government. Economic liberalization is typically described as the relaxation of government policies in a country to let non-public sector firms to conduct business transactions with fewer constraints. With regard to developing nations, this time period signifies the establishment of financial borders to multinationals and outside investment. Many economists characterized financial liberalisation as "opening up" to the rest of the world in terms of commerce, rules,...