The Liberalization of India According to Eichenberg in his lecture on February 2, 2000, liberal international relations theory suggests that the key to peace is through the promotion of free trade and the institution of democratic principles. In late 1991, with the transfer of the Indian Parliament into the hands of political and economic reformers, despite much opposition, India began its quest towards liberalization. The reform implemented freer trade in the largest democracy in the world.
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Source: Wow Essays