Economic Liberalization Policies

Definition

Economic liberalization policies refer to the set of reforms and measures implemented by a government to promote free market principles, reduce state intervention in the economy, and encourage private sector participation.

Related terms

Privatization:

The transfer of ownership or control of state-owned enterprises to private individuals or companies.

Deregulation: The removal or reduction of government regulations and restrictions on industries and businesses.

Trade Liberalization: The removal of trade barriers such as tariffs and quotas to promote international trade.