The Relationship amongst the Economic Globalization, Liberalization and Privatization

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What is the relationship amongst the economic globalization, the economic liberalization and the economic privatization?

In a generalized situation, the process of the privatization precedes the process of the liberalization as seen in the USA. The process of the liberalization precedes the process of the globalization. In other words, the Privatization (P) is followed by the liberalization (L) which in turn is followed by the Globalization (G). The globalization is necessarily the all inclusive of both the liberalization and the privatization. But, the liberalization and the privatization as the single entities all by themselves may directly engineer the process of globalization, also.

To my mind, the tri-cellular LPG model quite clearly shows the complicated combinations of the relationships amongst the processes of the globalization, the privatization and the liberalization.

However, a more realistic situation shows a slightly complicated game of these relationships. The globalization may appear under the single influence of the privatization and it may be a cause of the later, also. Likewise, the liberalization may lead to the globalization and may itself be produced by the later process. Similarly, the privatization may produce the liberalization and may get produced by it, also.

The globalization may lead to both the privatization and the liberalization. In sharp contrast, both these processes may simultaneously cause the appearance of the globalization. Same way, both the globalization and privatization acting at the same time may give birth to the liberalization. The liberalization may be the producer of both the privatization and the globalization. The privatization alone can cause the arrival of both the liberalization and the globalization.

Both the liberalization and the globalization as a team can produce the privatization. For example, the erstwhile communist countries like the Russia, etc., are being swept by the winds of the globalization which has seen the appearance of the privatization and the liberalization there. In sharp contrast, it is primarily the forces of the privatization and the liberalization which have encouraged the USA and the UK to jump headlong into the mainstream of the globalization.

Numerous examples may be given of the above mentioned complicated combinations of the relationships amongst the processes of the globalization, the privatization and the liberalization.

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