Liberalization: meaning, definitions and examples
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liberalization
[ ˌlɪbərəlaɪˈzeɪʃən ]
economic policy
The process of reducing government restrictions on business, trade, and investment in order to stimulate economic growth and development.
Synonyms
deregulation, openness, privatization
Examples of usage
- The liberalization of trade barriers led to increased international trade.
- The country's economic liberalization policies attracted foreign investors.
political reform
The relaxation of government control and censorship, allowing for more freedom of expression and political participation.
Synonyms
decentralization, democratization, emancipation
Examples of usage
- The liberalization of the media allowed for diverse viewpoints to be heard.
- The political liberalization of the country led to free and fair elections.
Translations
Translations of the word "liberalization" in other languages:
🇵🇹 liberalização
🇮🇳 उदारीकरण
🇩🇪 Liberalisierung
🇮🇩 liberalisasi
🇺🇦 лібералізація
🇵🇱 liberalizacja
🇯🇵 自由化 (じゆうか)
🇫🇷 libéralisation
🇪🇸 liberalización
🇹🇷 liberalleşme
🇰🇷 자유화 (자유화)
🇸🇦 تحرير
🇨🇿 liberalizace
🇸🇰 liberalizácia
🇨🇳 自由化 (zìyóuhuà)
🇸🇮 liberalizacija
🇮🇸 frjálshyggjuvæðing
🇰🇿 либерализация
🇬🇪 ლიბერალიზაცია
🇦🇿 liberallaşma
🇲🇽 liberalización
Word origin
The term 'liberalization' originated in the mid-20th century, primarily in the context of economic policies aimed at reducing government intervention and promoting free markets. It gained prominence during the era of globalization, as many countries sought to open up their economies to foreign trade and investment. Over time, the concept of liberalization has expanded to encompass not just economic reforms, but also political and social changes aimed at increasing individual freedoms and opportunities for participation. Today, liberalization continues to be a key principle in discussions of economic development and political reform.
See also: liberalism, liberality, liberally.