C1nounUK spelling: liberalisationformalpoliticsmoney
US/ˌlɪb.ər.ə.ləˈzeɪ.ʃən/
UK/ˌlɪb.ər.ə.laɪˈzeɪ.ʃən/
the process of making laws or rules less strict, especially in trade or the economy
In context
Trade liberalization opened the market to foreign companies.
Economic liberalization brought rapid growth to the country in the 1990s.
Some critics fear that liberalization will hurt small farmers.
Words that go with liberalization
noun + noun
- trade liberalizationTrade liberalization lowered the price of imported goods.
- market liberalizationMarket liberalization has pushed prices down.
adjective + noun
- economic liberalizationEconomic liberalization began in the late 1980s.
- financial liberalizationFinancial liberalization allowed banks to compete freely.
- political liberalizationPolitical liberalization came more slowly than reform of the economy.
noun + preposition
- liberalization ofThe liberalization of energy prices led to protests.
Common mistakes
Incorrect:
liberalization the economyCorrect: liberalization of the economy