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Liberalisation, Privatisation, and Globalisation: Understanding the LPG Model

"Liberalisation, privatisation, and globalisation (collectively known as the LPG model) represent a triad of sweeping economic reforms introduced to restructure domestic markets, integrate national economies into the global trading system, and reduce state intervention in commerce. By easing regulatory burdens, transferring state-owned enterprises to private ownership, and dismantling trade barriers, these interconnected policies fundamentally reshape how capital, labor, goods, and services flow across borders. Introduction to the LPG Framework The LPG model emerged as a dominant paradigm in economic development, most notably manifested during..."

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