0 the practice of making laws, systems, or opinions less severe:
1 the act of allowing more freedom in laws, systems, or opinions:
The Chinese government began economic liberalization in 1978.
Airlines took advantage of the opportunities offered by the liberalisation of transatlantic aviation.
The predominance of economic, especially macroeconomic, objectives in domestic financial liberalization has two main theoretical implications.
Structural reforms associated with economic liberalization have important implications for employment creation and income opportunities.
The results suggest that though the short-term impact of reforms would increase poverty, in the longer term trade liberalization would be poverty reducing.
If agricultural price responsiveness relied less on land expansion and more on intensification, the policy implications of trade liberalization would be more favourable.
Disputes over the amount of compensation, cash or trade liberalization, can be resolved if necessary through arbitration.
