liberalize
In the long term, trade liberalization will affect prices.
The Chinese government began economic liberalization in 1978.
Airlines took advantage of the opportunities offered by the liberalisation of transatlantic aviation.

SMART Vocabulary: related words and phrases

Liberating, relaxing and releasing
breathe
breathe easieridiom
cathartic
cathartically
chillax
cut someone free
discharge
free and easyphrase
let goidiom
let someone looseidiom
let/set something looseidiom
liberate
non-controlled
relax
relax your grip/holdidiom
turn someone/something looseidiom
unbeholden
untethered
walk
walk freeidiom

liberalization | Business English

liberalization
noun[ U ]
(Uk alsoliberalisation)uk /ˌlɪbərəlɪˈzeɪʃən//-rəl-/ us /-ɚ-/
the act of allowing more freedom in laws, systems, or opinions:
economic/market/trade liberalizationHe is a longtime proponent of his country's economic liberalisation.

Examples of liberalization

liberalization
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.
We have already identified two key features of transition to liberal labour models, namely, labour market liberalization and the absence of corporatism.
It is you guys who are switching the subject to liberalization of agricultural products.
More importantly, trade liberalization should be observed in conjunction with governments diversifying their revenue sources.
Our emphasis on the impact on low-skill workers follows from concerns that these workers often are hit the hardest by trade liberalization in industrialized economies.
Several other arguments exist which obfuscate the issue of trade liberalization of secondary materials.
Second, liberalization does not necessarily imply the retreat of the state's role in matters of economic governance.
Over the past few decades, there has been a heated debate over the links between political and economic liberalization.
Advocates of market liberalization commonly worry that democracies will eschew economically rational policies because voters cannot tolerate short-term pain on the promise of long-term gain.
This transition has been accompanied by liberalization of product and financial markets and greater integration with the world economy.
These can be mitigated if governments anchor liberalization commitments in regional agreements that supplement the multilateral process.
See all examples of liberalization
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