Liberalization
in sentence
832 examples of Liberalization in a sentence
But as trade
liberalization
spreads to every corner of the globe vital questions arise.
If so, what can trade
liberalization
do for the cause of income equality across the world?
While the effects of trade
liberalization
on growth are well established on both theoretical and empirical grounds, the question of what open trade can do for the cause of global income equality is less well understood.
CONAIE opposes the FTAA and is advancing a proposal entitled Alternatives for the Americas , which offers a more balanced approach to trade
liberalization.
Unlike China, its leaders claim, the West continues to hold African countries hostage through a combination of unequal trade deals, lack of access to capital markets, aid dependency, financial deregulation and economic liberalization, budget austerity, crippling debt, political meddling, and military intervention.
Lately, a new consensus seems to be developing: that emerging-market countries should proceed cautiously with capital market
liberalization
until they have more of the prerequisites – sound banking systems, proper supervisory structures, and reasonable and transparent accounting and reporting systems – in place.
This was certainly true in the 1980’s and early 1990’s, when right-wing ideology dominated, producing a one-size-fits-all prescription entailing privatization, liberalization, and macroeconomic stability (meaning price stability), with little attention to employment, equity, or the environment.
Countries were advised to abandon their national development strategies in favor of globalization, market liberalization, and privatization.
Advocates of economic
liberalization
policies cited the success of the rapidly industrializing East Asian economies.
But none of these economies had pursued wholesale economic
liberalization.
Japan would prefer the US to rejoin the now-Japan-led TPP, which would ensure greater overall trade
liberalization
and a more level playing field than a bilateral deal, which the US would try to tilt in its own favor.
One explanation of Scandinavia’s strong performance is Sweden’s courageous product market liberalization, the reduced generosity of Denmark’s wage replacement system and the Nokia miracle in Finland.
The lynchpin of the China’s planned financial-sector reforms – interest-rate
liberalization
– might not address the problem.
This suggests that financial
liberalization
might be dangerous until even SOEs are subject to a hard budget constraint.
Yet official corruption has clearly not declined in the way
liberalization'
s promoters said it would, nor has governance improved markedly for the better in most countries.
The path to good governance is more painstaking and bumpier than anyone believed when globalization and
liberalization
became popular twenty years ago.
Market
liberalization
and trade expansion lifted millions out of poverty in the 1990's, particularly in China and India.
But it is time to go further and begin to lobby aggressively for faster financial
liberalization
in the developing world.
Ironically, bad memories of the IMF’s first, premature attempt to promote long-term capital market
liberalization
remain an obstacle today.
The IMF’s attempt to enshrine capital market
liberalization
in its charter, coming as it did in the middle of the 1990’s Asian financial crisis, was a public relations disaster.
Pushing for greater capital market
liberalization
after the debacle of the 1990’s will be controversial.
The poor countries argue that broader
liberalization
in the EU, the US, and Japan alone would yield benefits worth up to $142 billion by 2015.
In Japan, the policy uncertainty concerns whether the third arrow of Abenomics – structural reforms and trade
liberalization
to boost potential growth – will be implemented, and whether the expected rise in the consumption tax in 2014 will choke economic recovery.
Interest-rate
liberalization
is exacerbating the situation.
His agenda appears to aim at domestic
liberalization
– moving beyond the 35-hour week, ending the special pension regimes accorded to particular professions, increasing incentives to work and gain wealth.
But it also seeks protection from the dizzying effects of globalization, which probably will mean strong support for the EU’s Common Agricultural Policy, skepticism toward further trade
liberalization
and the will to improve European Union’s economic government.
That is what happened in the second half of the 1990’s, as the IMF began to preach capital-account liberalization, applied over-stringent fiscal remedies during the Asian financial crisis, and single-handedly tried to reshape Asian economies.
In any case, the EU has generally contributed constructively to all major rounds of global trade
liberalization.
There will be winners and losers, but trade
liberalization
enlarges the size of the economic pie at home.
Led by a group of technocrats surrounding the young King Mohammed VI, a reform process – including political
liberalization
– has begun in earnest, even if the results still seem modest.
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