Example collocations logo

Liberalization in sentence

832 examples of Liberalization in a sentence

China’s past trade liberalization, following its accession to the World Trade Organization 17 years ago, indicates that such a move would not lead to a spike in unemployment, as long as the Chinese labor market remains sufficiently flexible.
But, though many experts fear that protectionism is undermining globalization, threatening to impede global economic growth, slower growth in global trade may be inevitable, and trade liberalization is decreasingly important.
Even if that is true, international trade will still play a vital role, and preventing any reversal of past trade liberalization is essential.
But further trade liberalization is bound to be of declining importance to economic growth.
With industrial tariffs already dramatically reduced most potential benefits of trade liberalization have already been grasped.
Estimates of the benefits of further trade liberalization are often surprisingly low – no more than a few percentage points of global GDP.
The main reason for slow progress in trade negotiations is not increasing protectionism; it is the fact that further liberalization entails complex trade-offs no longer offset by very large potential benefits.
And some liberalization – say, of advanced economies’ cotton imports – would undoubtedly benefit some low-income economies.
But full trade liberalization would have a complex impact on the least developed economies, some of which would benefit only if compensated for the loss of the preferential access to advanced-economy markets that they currently enjoy.
This implies that further progress in trade liberalization will be slow.
The importance of past trade liberalization has left the global policy establishment with a bias toward assuming that further liberalization would bring similar benefits.
But while the potential global benefits of trade liberalization have declined, reduced trade intensity might still impede economic development in some countries.
That poses important challenges for development policy, which further trade liberalization can alleviate only marginally.
These actors’ insistence on privatization, deregulation, and liberalization of capital markets and trade – the so-called Washington Consensus – enriched business and financial elites, led to acute crises, and undermined emerging economies’ growth.
Will you advocate a development round that emphasizes liberalization of labor markets more than capital markets, elimination of non-tariff barriers that keep developing countries’ goods out of advanced industrial countries, and abolition of so-called “escalating tariffs,” which impede development?
Complying with current orthodoxies – for example, on privatization and liberalization – can earn you points on “good governance,” and thus increase aid allocations—even when they reduce true aid effectiveness.
Given this, European and Chinese leaders must make the case for continued liberalization of trade and investment, despite the political challenges that may arise, particularly in Europe.
Syriza has also promised to repeal labor-market liberalization and suspend privatization.
There, the takeoff point for joining Asia’s great production chains was not just the country’s low wages, but a decision to redress past government omissions: trade liberalization, creation of a more favorable investment climate, and infrastructure improvements.
That is why a knee-jerk, simplistic “Washington Consensus” prescription of more liberalization and privatization is inappropriate for the Arab world in 2012.
For instance, China provided market incentives through two-track economic reform rather than across-the-board liberalization, which is usually the standard advice.
The surprise was not only that there were so many cases, but that the vast majority seemed unrelated to conventional economic reforms, such as liberalization of trade and prices.
China's gradual, experimental steps towards liberalization in the late 1970's were similar to South Korea's experience in the early 1960's.
The hallmark reforms associated with the Korean miracle - devaluation and a hike in interest rates - came in 1964 and fell far short of full liberalization of currency and financial markets.
A regional plan approved in August 2003 in Dar-Es-Salaam, Tanzania’s capital, by the SADC focuses on promoting trade, economic liberalization, and development as a means of facilitating the establishment of an SADC Common Market.
Privatization, market liberalization, the opening of closed professions, and government downsizing involve conflicts with powerful vested interests, such as businesses in protected industries, public-sector unions, or influential lobbies.
And the World Bank estimates that deeper integration, including liberalization of services and reform of investment rules would have increased per capita real GDP in 2005-2015 by 34% for Algeria, 27% for Morocco, and 24% for Tunisia.
China’s New Reforms in Theory and PracticeHONG KONG – On November 12, the Third Plenary of the 18th Central Committee of the Chinese Communist Party (CCP) announced a major turn to market-oriented policies: interest-rate and currency liberalization, reform of banks and state enterprises, clearer land ownership for rural inhabitants, and a better deal for urban migrants.
The liberalization of capital flows is intended to be a gradual national policy, channeled through trusted institutions in Shanghai.
More important, as with China’s accession to the World Trade Organization in 2001, which required substantial reforms, fulfilling the conditions for joining the SDR promises to speed progress toward full capital-account liberalization – and thus toward a fully convertible renminbi.
BackNext