Explanation:

- Privatisation: Selling government-owned businesses or services to private entities. It aims to reduce government control in the economy.

- Globalisation: The process of increasing interconnectedness and integration of economies, cultures, and societies worldwide.

- Disinvestment: Selling or liquidating assets or shares, often by a government, to reduce financial commitments or generate revenue. Cross holding is a method of disinvestment.

- Liberalisation: Removing or loosening government restrictions in the economy to encourage greater participation of private entities and free market principles.