Liberalisation
/ˌlɪbərəlaɪˈzeɪʃən/
Definitions
- (n.) The process of removing or reducing legal restrictions to allow greater freedom in markets, trade, or regulation.
The government's liberalisation of the telecommunications sector encouraged foreign investment.
Related terms
See also
Commentary
Often used in the context of economic law or international trade agreements to describe legal changes aimed at increasing market openness.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.