2007-01-17 04:44:31 · 5 answers · asked by Anonymous in Social Science ➔ Economics
It means to open up the economy to foreign investment i.e. Toyota, a Japanese company, has plants in the US.
2007-01-17 05:16:33 · answer #1 · answered by Brandon 3 · 0⤊ 0⤋
This refers to relaxing controls of the government on trade and commerce and usually also includes privatization however privatization is not a precursor to this. For example in the Indian context the government may allow oil prices to be determined freely by the play of market forces but may still retain their majority stake in the oil companies. This is an example where a regime has liberalized but not privatized.
2007-01-17 05:19:47 · answer #2 · answered by dhawansan 2 · 0⤊ 0⤋
In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy. Liberalization of autocratic regimes may precede democratization (or not, as in the case of the Prague Spring).
In the arena of social policy it may refer to a relaxation of laws restricting for example divorce, abortion, homosexuality or drugs.
Most often, the term is used to refer to economic liberalization, especially trade liberalization or capital market liberalization.
read more here :
http://en.wikipedia.org/wiki/Liberalisation
2007-01-18 17:06:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Making rules easy for entrepreneurs to produce,sell and export goods and services in any free market economy for the prosperity of the nation and the company
2007-01-17 08:42:06 · answer #4 · answered by NQS 5 · 0⤊ 0⤋
Have you ever heard of "Hell on Earth" ?
2007-01-17 04:47:50 · answer #5 · answered by Business Owner 1 · 0⤊ 0⤋