Explanation:

- Globalisation: This is the process by which businesses or other organizations develop international influence or start operating on an international scale. It is often a result of privatisation and liberalisation, as these processes open up markets to global competition and investment.

- Reforms: These are changes made to improve a system, organization, or practice. While privatisation and liberalisation involve reforms, "reforms" is too broad to be specifically the outcome of these processes.

- Fiscal policy: This involves government spending and tax policies to influence the economy. It is not directly an outcome of privatisation and liberalisation.

- WTO: The World Trade Organization facilitates international trade and resolves trade disputes between countries. It is not an outcome but rather a supporter of global trade agreements.