Meaning of “liberalization” in the English Dictionary

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"liberalization" in Business English

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liberalizationnoun [ U ]

Uk also liberalisation uk /ˌlɪbərəlɪˈzeɪʃən/ /-rəl-/ us /-ɚ-/

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.

(Definition of “liberalization” from the Cambridge Business English Dictionary © Cambridge University Press)