The political implications of liberalization are as follows :
(a) In the name of liberalized policy citizens knock at the door of international opportunities with their knowledge and skill. The developing nations face lots of problems from such brain drain.
(b) As the process itself is capital intensive. it reduces dependency on labour and cuts opportunities for jobs.
(c) The incessant industrial activity at the global level generates lot of wastage leading to environmental degradation.
(d) The price of certain commodities like life saving drugs, fertilizers, etc. are automatically controlled by the world trade forums and associations.
(e) It affects the common man in his day to day life as he finds it difficult to earn his livelihood.
(f) Flexibility of monetary and fiscal policies of the government may lead to financial crisis like recession and depression.
