What is Economic liberalization?
'''Economic liberalization''' is a theory about applying the ideas of [[classical liberalism]] to the government of a state: In very broad terms, it is about removing as much state control as possible from the economy. The state that follows this path often allows privately owned companies to do some things that governments usually do. *The state can introduce [[economic competition|competition]] in an [[economic sector]] while still controlling a publicly held company. This is the case with many [[railway]] systems, for example in [[France]] *The state can privatize a publicly held company, and guarantee a [[monopoly]] on the services it offers: This has been the case with the ocmpany responsible for transporting [[electricity]] in France, called [[Réseau de Transport d'Électricité]] (RTE). It is a [[subsidiary]] of [[Électricité de France]] (EDF). {{stub}} [[Category:Economic policy]]