Liberalization
in sentence
832 examples of Liberalization in a sentence
Liberalization
took hold out of economic desperation – the “special period” that followed the collapse in 1991 of the Soviet Union, Cuba’s long-time benefactor.
On the contrary, experience has demonstrated that economic
liberalization
and de-politicization (including reducing the share of public expenditure) is vital to lasting recovery.
Up until 2017, the US had been a global leader in trade liberalization; not anymore.
Economists have long known that trade
liberalization
causes income redistribution and absolute losses for some groups, even as it enlarges a country’s overall economic pie.
With the rise of the welfare state, the constraint became less binding, allowing for more trade
liberalization.
By enabling countries to make the most of their comparative advantages, the
liberalization
of trade and investment provides net economic benefits, although it may hurt particular groups that previously benefitted from tariff protections.
But the politics of trade
liberalization
– that is, the way in which countries proceed to accept free trade – is much more complex, largely because of those particular groups it hurts.
For them, the overall economic benefits of trade
liberalization
matter little, if their own narrow interests are being undercut.
Even if these groups are relatively small, the discipline and unity with which they fight trade
liberalization
can amplify their political influence considerably – especially if a powerful political figure takes up their cause.
It should be noted that
liberalization
does involve some economic tradeoffs, as protection can, in some areas, serve an important purpose.
This would, to some extent, be in line with the TPP negotiation process, in which the political challenges associated with trade
liberalization
have been handled remarkably well.
After 3 years as CEO, Chubais decided to “restructure” UES, thinking that glib talk about competition and
liberalization
will garner him continued support from London and New York.
Instead, visa
liberalization
was postponed until October, owing to Turkey’s refusal to comply with a few remaining conditions.
Thatcher’s greatest achievement was the
liberalization
of the overregulated British labor market, while Reagan turned the tide with his inaugural address: “In this present crisis, government is not the solution to our problem; government is the problem.”
And, while structural reforms are necessary, some measures – for example, labor-market
liberalization
and pension overhauls – may boost the eurozone’s savings rate and thus weaken aggregate demand further (as occurred in Germany following its structural reforms a decade ago).
The failure to achieve multilateral trade
liberalization
by concluding the Doha Round means that the world lost the gains from trade that a successful treaty would have brought.
But that is hardly the end of the matter: the failure of Doha will virtually halt multilateral trade
liberalization
for years to come.
The World Bank’s most recent estimate is that complete trade
liberalization
(including in manufactures and by developing nations themselves) would produce a net gain to the developing world of half a percentage point of their income.
The reality is that the global impact of agricultural
liberalization
in rich countries would be relatively small and highly uneven.
But the United States and the United Kingdom then underwent a kind of conservative revolution and a revival of neoliberal economic policies, including widespread deregulation, trade liberalization, and unprecedented capital-account openness.
The differences arise largely from contrasting assumptions about how economies respond to changes in trade volumes sparked by
liberalization.
In this tradition, trade
liberalization
is a microeconomic “shock” that affects the composition of employment, but not its overall level.
Indeed, rising income and wealth inequality in many emerging markets may eventually lead to a social and political backlash against
liberalization
and globalization.
The list of potential policy actions that could benefit the United States – trade liberalization, comprehensive regulatory reform, and immigration and education reform, among others – is long.
African governments should pursue intra-regional trade liberalization, institutional integration, and infrastructure development with greater determination than ever.
The results were perhaps obvious: more people live from agriculture in the developing world than from manufacturing, so agricultural
liberalization
must be high on the agenda.
These were off the agenda in earlier trade rounds, as the US pushed for
liberalization
of financial services - thus serving its own comparative advantage.
Developing countries' alleged gains from capital market
liberalization
have been widely discussed (although recent studies raise some doubts about these benefits).
Nevertheless, the global gains from allowing freer flows of unskilled labor (even temporarily), let alone the benefits to developing countries, far outweigh the benefits from capital market
liberalization.
Financial
liberalization
was lauded because it enabled capital to flow to where it would be used most productively, increasing national and global growth.
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