IPA: /ˌlɪbəˈrælɪˌzeɪʃən/
KK: /lɪbərəlɪˈzeɪʃən/
The process of making something more open or free, often in terms of laws or policies.
The liberalization of trade policies has led to increased economic growth.
Liberalization → It is formed from "liberalis" (from Latin, meaning pertaining to a free person) and the suffix "-ization" (meaning the process of making or becoming). The word "liberalization" refers to the process of making something more free or open, particularly in economic or political contexts.
Think of the idea of making things more 'free' ('liberalis') through a process ('-ization') — that's what liberalization means.