Definitions for liberalization

This page provides all possible meanings and translations of the word liberalization

Princeton's WordNetRate this definition:(0.00 / 0 votes)

  1. liberalization, liberalisation, relaxation(noun)

    the act of making less strict

WiktionaryRate this definition:(0.00 / 0 votes)

  1. liberalization(Noun)

    The process or act of making more liberal.

Webster DictionaryRate this definition:(0.00 / 0 votes)

  1. Liberalization(noun)

    the act of liberalizing

FreebaseRate this definition:(0.00 / 0 votes)

  1. Liberalization

    In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy. In some contexts this process or concept is often, but not always, referred to as deregulation. Liberalization of autocratic regimes may precede democratization. In the arena of social policy it may refer to a relaxation of laws restricting for example divorce, abortion, or drugs In the arena of civil rights policy it may refer to the elimination of laws prohibiting same-sex sexual relations, same-sex marriage, interracial marriage, or interfaith marriage Most often, the term is used to refer to economic liberalization, especially trade liberalization or capital market liberalization. Although economic liberalization is often associated with privatization, the two can be quite separate processes. For example, the European Union has liberalized gas and electricity markets, instituting a system of competition; but some of the leading European energy companies remain partially or completely in government ownership. Liberalized and privatized public services may be dominated by just a few big companies particularly in sectors with high capital costs, or high such as water, gas and electricity. In some cases they may remain legal monopoly at least for some part of the market.

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