Liberalization (noun) Definition, Meaning & Examples

noun
  1. the state of being or becoming more favorable to progress or reform, as in political or religious affairs: The liberalization of Anglican thought predates the rise of Protestant fundamentalism.
  2. the act or process of making something, such as laws or regulations, less restrictive, or the state of being or becoming less restrictive:The president has proposed liberalization of the criminal code to allow for a reduction in maximum sentences and the introduction of monetary fines for less severe offenses.The government is updating existing contracts with some foreign companies to favor liberalization and free market competition.
Liberalization (noun) Definition, Meaning & Examples

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