1. the process of making laws, policies, or systems less strict or more open; the removal of restrictions or controls
Usage: British spelling; American English uses 'liberalization'; commonly used in political and economic contexts
2. the process of becoming more liberal in social or political views; movement toward greater personal freedoms and individual rights
Usage: often used in historical or social contexts

Examples

• The liberalisation of trade policies allowed more foreign companies to enter the market.
• Economic liberalisation in the 1990s transformed the country's business landscape.
• The government announced a liberalisation of immigration rules to attract skilled workers.
• Liberalisation of media laws led to greater press freedom in the region.
• The liberalisation of social attitudes has changed how society views marriage and family.
• Financial liberalisation increased competition among banks and reduced interest rates.
• Cultural liberalisation in recent decades has expanded acceptance of diverse lifestyles.