Interpret the concept of ‘liberalisation’ in the field of the economic sphere during the nineteenth century in Europe.
OR
Interpret the contribution of French in the economic development of the Mekong Delta region.
The term liberalization refers to the process in which a state removed all the restrictions on the private activities of the individual. Certain government regulations are relaxed and the ban on certain activities is lifted. Overall it refers to the reduction of the state involvement in the economy.
The concept of liberalization in the field of the economic sphere stood for the freedom of the markets and the abolition of all the state-imposed restrictions in the movement of goods and capital.
OR
The contribution of French in the economic development of the Mekong Delta region can be mainly said to be the building of canals and draining lands to increase cultivation. Apart from this Infrastructure projects were also undertaken for the easy movement of goods to different parts of the country. The rice production of this region was also increased by the building of an extensive irrigation system.
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