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.
Which Synonym Should You Choose?
Word | Description / Examples |
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liberalization |
This entry is a duplicate of 'liberalization' as defined previously. No additional context or examples are needed. |
deregulation |
Deregulation specifically refers to the removal or simplification of government rules and regulations that constrain the operation of market forces. This term often carries a slightly negative or controversial connotation, especially in industries like banking, finance, and environment, where oversight is considered crucial.
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privatization |
Privatization refers to the transfer of ownership or control of a business, industry, or service from the government to private entities. It is often used in discussions about improving efficiency and reducing public sector deficits, but it can also have negative connotations if it results in job losses or reduced public services.
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openness |
Openness denotes a general state of being accessible, transparent, and receptive to new ideas, often associated with policies or approaches that welcome external influences, trade, and interaction. This term is broader and more positive than 'liberalization' and 'deregulation.'
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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.
Which Synonym Should You Choose?
Word | Description / Examples |
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liberalization |
Used to describe the process of making laws, systems, or opinions less strict and more relaxed, especially in economic policy.
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democratization |
Describes the transition to a more democratic political regime, where more people have the opportunity to participate in decision-making processes.
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decentralization |
Refers to the redistribution or delegation of power from a central authority to local or regional authorities. Often used in governance or management contexts.
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emancipation |
Used to describe the process of being freed from legal, social, or political restrictions; often associated with liberation from slavery or severe oppression.
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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
Etymology
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.
Word Frequency Rank
Ranked #11,145, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.
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- 11142 volunteered
- 11143 tonic
- 11144 undergoes
- 11145 liberalization
- 11146 abandoning
- 11147 softening
- 11148 accruing
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