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The approach to liberalisation of European telecommunications markets followed what has become known as the "Ladder of Investment" (LoI).
The new theory illustrates the necessity for a staged approach to liberalisation, which first assesses the capacity to conduct effective prudential supervision, before attempts are made to remove protective measures.
But the international development department was also a fan of the "big bang" approach to liberalisation being implemented by both national and state government in India, and spent millions on consultants to advise on and encourage privatisation, trade liberalisation and the reduction of support to farmers.
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But a business-as-usual approach to trade liberalisation is currently threatening to push an estimated 200,000 small-scale sugarcane growers from Africa, the Caribbean and the Pacific further into poverty.
This reinforces the Economist Intelligence Unit's view that the corporate sector relies, and will increasingly rely, on external financing.What is the government doing about it?Prior to the global financial crisis, the government had adopted a cautious but progressive approach to capital-account liberalisation.
Since the 1980s, China has adopted an approach to socialist development centred on economic liberalisation; collective farming has been displaced by a return to family farming, markets relaxed and government restrictions on rural-urban migration reduced.
Politicians are happy to take the votes of young progressives who support drug liberalisation while continuing their unjust approach to criminalising drug use.
But this approach to financial reform is in keeping with China's approach to all economic liberalisation.
"Our proposal as the Guatemalan government is to abandon any ideological consideration regarding drug policy (whether prohibition or liberalisation) and to foster a global intergovernmental dialogue based on a realistic approach to drug regulation.
But while an appeal to hedonism may be unlikely to clinch the deal in terms of a universal liberalisation of drugs policy, I reckon it could prove hugely useful in helping us rethink our approach to ageing.
Opposition to liberalisation runs extraordinarily deep.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com