Economic liberalization refers to loosening government control and regulations in the economy, allowing businesses and individuals more freedom to trade, invest, and operate. It usually involves reducing restrictions on foreign investments, deregulating industries, and promoting free competition.
Full definition
«The belief that corruption is the important issue in the country is shared only by the minority living in urban areas and towns who have been beneficiaries of
economic liberalization policies mandated by western countries.
When the Indian Government adopted a policy
of economic liberalization in 1991, many companies (including TNCs) with factories in the high - wage city of Mumbai (formerly Bombay), got rid of their unionized labor force (mostly male workers) by a variety of insidious means and moved their operations to low - wage and depressed areas to avail themselves of the large supply of unorganized and unprotected, mainly female, labor.
India has exploded in economic development in the 21st century, fueled largely by
economic liberalization in the 1980's and free - market reforms in the 1990's and early 2000's source: Wikipedia.
You can invest in state - controlled firms like Sinopec, PetroChina and Bank of China, but it's difficult to tell whether these firms would thrive were their preferential treatment taken away
through economic liberalization.
Chinese President Xi Jinping promised foreign companies greater access to China's financial and manufacturing sectors, pledging Beijing's commitment to
further economic liberalization amid rising trade tensions with the U.S.
By the 1970s, it was increasingly obvious that we
needed economic liberalization, which began during that decade and continued apace in the 1980s and 1990s.
In this context, globalization means
global economic liberalization, developing a global financial system and a transnational production system which is based on a homogenized worldwide law of value1.
Now that the protest of Socialism has had its set - back, the
new economic liberalization accepted as norm all over the world will cut most welfare measures and - create more poverty and unemployment because it subserves everything to the goal of economic growth by which ten percent will become very rich.
While the Arab world struggles to adopt democracy and China struggles to move
from economic liberalization to the rule of law, our society is squandering the institutional inheritance of centuries.
Examples
include economic liberalization, the impending retirement of the baby boomers, and the productivity gains available from continually evolving computer and communications technology.
As the United States shifts it focus to creating more jobs at the cost of
championing economic liberalization and free trade many more sectors of the Canadian economy will be attacked as fiercely as aircraft and lumber are now.
Furthermore, Hooper doesn't think that the experience of the last month will deter the Communist Party from its larger campaign
of economic liberalization.
In the 1980s, a new Chinese leader, Deng Xiaoping, ushered in
economic liberalization, with a strong focus on factories and global exports in Guangdong.
It is only fair to add that the ILO Report does not attribute this «grim» unemployment situation solely or even mainly to globalization, arguing that «
economic liberalization» will bring far greater gains as compared to the alternative of protectionism.
Russia's gains in political and
economic liberalization are undoubted, but this country with so much talent has yet to combine the best of its cultural heritage, its technical skills and the advantages of greater economic freedom.
Economic liberalization has brought benefits for both the nations that liberalized, and those that trade with them.
Yi, who has been serving as a deputy governor since 2008, is widely expected to continue
the economic liberalization policy that had been initiated by his predecessor Zhou.