liberalization
//ˌlɪbərələˈzeɪʃən//
Noun
liberalizationSingular
liberalizationsPlural
1
The process of making laws, systems, or opinions less strict or more open, especially in economic or political contexts.
The liberalization of trade policies has boosted economic growth in the region.
2
The removal or reduction of government restrictions on trade, business, or other economic activities.
The liberalization of trade policies has boosted economic growth in the region.