- liberalization
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to make rules or controls on something less strict:
• The President promised to push ahead with his commitment to liberalize the economy.
— liberalizer also liberaliser noun [countable] :• a dispute between protectionists and liberalizers
— liberalization also liberalisation noun [uncountable] :• The economy is expected to deteriorate for a period of six months after the liberalization of prices.
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liberalization UK US (Uk also liberalisation) /ˌlɪbərəlɪˈzeɪʃən/ /-rəl-/ US /-ɚ-/ noun [U]► the act of allowing more freedom in laws, systems, or opinions: economic/market/trade liberalization »He is a longtime proponent of his country's economic liberalisation.
Financial and business terms. 2012.