Liberalization
in sentence
832 examples of Liberalization in a sentence
Indeed, over the last 30 years, massive public investment and economic
liberalization
spurred rapid urban growth in coastal provinces.
First, the domestic interest groups that benefit from low borrowing costs have become a barrier to their
liberalization.
In the West, secularization went hand in hand with the Enlightenment project of democratization and
liberalization.
Trade liberalization, to maintain employment and promote growth, requires an offsetting real depreciation of the currency.
They would prefer to clinch deals with partners one by one, without being bound by the obligation to apply
liberalization
measures across the board and without being forced to abide by the rulings of the WTO’s dispute settlement mechanism.
But the central government will need a large share of that income if it is to finance the construction of new institutions of governance, invest in critical infrastructure, undertake onerous reforms aimed at economic liberalization, and provide the resource-poor (and already restive) Sunnis of central Iraq with a greater share of the country’s wealth.
Therefore, labor-market
liberalization
should be a high priority and another area of focus for the reinvigorated Lisbon Agenda.
While import
liberalization
works fine for integrating with the world economy when import-competing interests are not powerful and the currency is unlikely to become overvalued, export subsidies or special economic zones will work far better in other circumstances.
HONG KONG – Since the Cold War ended, the West has invested huge amounts of resources in efforts to induce political
liberalization
in China, including through programs to promote the rule of law, civil society, transparency, and government accountability.
With the
liberalization
of global financial markets that began in the 1970’s, foreign sources of credit became available.
Nonetheless, it is clear that trade
liberalization
is gaining momentum.
Current progress toward trade
liberalization
underscores how trade policy – especially that of the United States – has improved over the last hundred years.
It was only after World War II – when the General Agreement on Tariffs and Trade (succeeded in 1995 by the WTO) began the process of multilateral trade
liberalization
– that Smoot-Hawley’s destructive legacy was finally overcome.
In fact, the post-war era has been the longest sustained period of trade
liberalization
in history – a particularly impressive feat, given that the world has just suffered the worst economic downturn since the Great Depression.
But the fact that countries have continued to pursue trade liberalization, however gradually, at a time of weak economic growth, suggests that free trade is here to stay.
But, with the Kim regime terrified that economic
liberalization
would eventually provoke demands for greater political freedom, China’s influence over the regime is limited.
These people viewed the austerity and
liberalization
policies enacted in recent years by Spain (but often mandated by the EU) as a direct threat to their livelihoods.
In particular, the so-called Washington Consensus, which calls for unfettered
liberalization
and privatization, and macroeconomic policies that focus on inflation, rather than employment and growth, have attracted much criticism over the years.
These days it is a growing industrial power which, after six and a half years of high-speed economic
liberalization
under successive governments of varying political hues, now has the largest middle class in the world, is an ever more enticing lure for foreign direct investment, and is economically stable enough to have escaped the financial storms that have wrecked much of east Asia.
This country with nearly 1 billion people has long shed what was mockingly called "the Hindu growth rate"--1 to 2% a year--and now regularly turns in a 6 or 7% annual growth in GNP every year, and could reach, if it found itself with a government that accelerates the pace of liberalization, a comfortable cruising speed of 8 to 9%, without the instability that plagues its competitors in east Asia and without the lack of political and judicial transparency that is China's main handicap.
Nor, on balance, has
liberalization
of capital flows stabilized consumption.
Given all the effort that the world’s “emerging markets” have devoted to shielding themselves from financial volatility, they have reason to ask: where in the world is the upside of financial
liberalization?
For example, greater integration with world markets can be achieved via export subsidies (South Korea), export-processing zones (Malaysia), investment incentives for multinational enterprises (Singapore), special economic zones (China), regional free trade agreements (Mexico), or import
liberalization
(Chile).
In 2006, the European Commission issued a directive on the
liberalization
of trade in services, but major countries – particularly Germany – have refused to implement it.
At the same time, the
liberalization
of FDI regimes by virtually all countries has been a driving force of intra-firm trade – the lifeblood of the emerging system of integrated international production and already around one-third of world trade.
But there is a real danger that the pendulum is beginning to swing back, leading to a reversal of that
liberalization
process.
For example, a United States Senate committee recently sought to block the planned
liberalization
of foreign takeover rules for airlines, while Europe has enacted more restrictive takeover laws.
It would be ironic, though, if developed countries – which led the FDI
liberalization
wave of the past two decades – now led a backlash against FDI.
In the face of such doubts, it is necessary to review what
liberalization
achieved in recent decades.
Trade
liberalization
exposes often ill-prepared businesses to the intense pressures of international competition, and requires a wide array of often painful reforms and risky politically decisions.
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