Liberalization

Liberalization refers to the process of reducing government restrictions and regulations on economic activities, such as trade, business operations, and investment. By easing rules, countries aim to foster competition, attract foreign investment, and boost economic growth. This often includes removing tariffs, simplifying laws, and encouraging private enterprise. The goal is to create a more open and efficient economy, allowing businesses to operate more freely and consumers to benefit from a wider variety of goods and services. Overall, liberalization helps integrate a country's economy with global markets, promoting innovation and development.