The country underwent significant economic liberalization in the 1990s.
Страна претерпела значительную экономическую либерализацию в 1990-х годах.
Definitions
Economic liberalization refers to the process of reducing government restrictions, tariffs, and regulations in an economy to encourage free-market competition and increase the role of private enterprise. This often includes measures such as deregulation, privatization of state-owned enterprises, and the removal of trade barriers, aimed at fostering economic growth and attracting foreign investment.
