liberalization
reducing government control of the economy
The process when a government reduces rules and controls so that markets, trade, or industries can be more open and competitive.
the liberalization of [sector/market/policy]
- The government announced a new wave of economic liberalization to attract foreign investors.
- Trade liberalization has lowered tariffs on imported goods across the region.
- Rapid financial liberalization in the 1990s led to a sharp increase in cross-border capital flows.
- Critics argue that market liberalization has widened the gap between rich and poor.
- The liberalization of the telecom sector brought in several private competitors and reduced prices.
- Economic liberalization made it easier for foreign companies to do business in the country.
- After the liberalization of the banking sector, customers had more choices.
- Trade liberalization reduced taxes on many imported products.
- The country started liberalization reforms to move from a planned economy to a market economy.
- Some people worry that fast liberalization can harm small local businesses.
making rules or systems less strict
The process when laws, rules, or systems become less strict and people gain more freedom or rights.
the liberalization of [laws/system/policy]
- Recent liberalization of immigration laws has allowed more skilled workers to settle in the country.
- Many activists see press liberalization as a key step toward greater transparency.
- The liberalization of divorce laws in the 1970s changed family life in many countries.
- Political liberalization began slowly, with the release of prisoners and the legalisation of opposition parties.
- Social liberalization has led to wider acceptance of different lifestyles and identities.
- The liberalization of media rules allowed more independent newspapers to open.
- Political liberalization gave citizens more chances to vote and speak freely.
- Social liberalization has changed how many people think about marriage.
- The new government promised the liberalization of strict internet laws.
- Human rights groups called for the liberalization of old security laws.
- Base: liberalization
- Plural: liberalization, liberalizations
economic liberalization
1reducing state control of the economy
When a government reduces its control over the economy so that markets and private companies have more freedom.
- Economic liberalization in the 1990s transformed the country’s private sector.
- Many developing nations have pursued economic liberalization to encourage foreign investment.
financial liberalization
1reducing controls on finance
When a government removes or reduces controls on banks, money movements, and interest rates.
- Financial liberalization allowed banks to offer new kinds of loans and investments.
- Rapid financial liberalization can increase growth but also raise the risk of crises.
liberalization of laws
1making laws less strict
When a government changes laws so they are less strict and give people more freedom.
- The liberalization of laws on free speech was welcomed by activists.
- Liberalization of laws often happens step by step rather than all at once.
market liberalization
1opening markets to competition
When a government allows more companies to compete in a market by removing rules that blocked them before.
- Market liberalization in the energy sector led to lower prices for consumers.
- After market liberalization, several foreign firms entered the local telecom industry.
political liberalization
1making a political system more open
When a government allows more political freedom, such as free elections, opposition parties, and open discussion.
- Political liberalization began with local elections and limited press freedom.
- Many observers doubt that real political liberalization will happen under the current leadership.
social liberalization
1making social norms less strict
When a society becomes more open and accepting, and laws about private life become less strict.
- Social liberalization has changed attitudes toward marriage and family roles.
- Younger generations have pushed for social liberalization on many issues.
trade liberalization
1reducing barriers to international trade
When countries lower or remove taxes and limits on imports and exports so it is easier to trade across borders.
- Trade liberalization has increased the flow of goods between the two regions.
- Some workers oppose trade liberalization because they fear losing their jobs.