liberalization
The Spanish word 'liberalización' translates into English as 'liberalization'. Liberalization is a term used mainly in economics to refer to a reduction in restrictions and regulations which results in an economic environment favoring greater freedom and less government intervention. It can also be used more generally to refer to any sort of relaxation or abolishing of restrictions or controls in social or cultural contexts. The term is often used in discussions about trade, industry, and politics.
The liberalization of trade has boosted economic growth.
This sentence implies that freeing up trade restrictions - or 'liberalization' - has positively contributed to economic development.
We are in favor of the liberalization of drug laws.
This example indicates that the speaker supports loosening or eliminating restrictions - also known as 'liberalization' - on drug laws.
Financial liberalization has led to innovations in banking.
This statement suggests that 'liberalization' in the financial sector - meaning less regulations or restrictions - has resulted in new and innovative banking practices.