Liberalization

Liberalization ( from Latin: libertas = freedom or liberalis = free, bountiful ) means the reduction of state or social interventions and regulations.

Political liberalization

The dismantling of the repressive functions of the state is called political liberalization; often used in the context of the protection of minorities, human rights, prohibitions and conversion, or mitigation of penalties.

Economic liberalization

The concept of liberalization in the economic context was revived after the Second World War by the OECD. Initially expressed liberalization only the reduction of quantitative restrictions on trade from, primarily in the former area of ​​the European Economic Community ( EEC). Today, the term generally stands for deregulation and privatization.