Economic Liberalization

Economic liberalization refers to the process of reducing government restrictions and controls on economic activities, such as trade, investments, and business operations. The goal is to promote a more open market environment, encouraging competition, efficiency, and growth. This often involves removing tariffs, deregulating industries, and privatizing state-owned enterprises. By opening up the economy, countries aim to attract foreign investments, improve consumer choices, and stimulate overall economic development. Essentially, liberalization creates a freer, more dynamic economic space where market forces play a larger role in shaping economic outcomes.