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But this perception is wrong, because in fact the current liberalised system did not provide for a net transfer of resources to the developing world.
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Though it has since liberalised its banking system, it still forces banks to provide services in remote villages.
As finance minister and head of the central bank, he has cut taxes and liberalised the pension system, in addition to opening the banking sector to foreign competition.
What the economic mandarins have failed to acknowledge is the link between dwelling price growth and the expanding sums of debt that are continually pumped into the housing market by our deregulated and liberalised banking and financial system.
Over the past five years, the government has quietly liberalised the work-permit system: businesses, which used to have a tough time getting permits for foreigners, now find that applications go through pretty much on the nod.
"Eventually the Russian political system will be liberalised, and we are showing that we will be part of the system that comes after Putin," he said.
Fixed exchange rates were abandoned, financial systems were liberalised, trade unions were confronted and taxes were cut, all of which helped usher in the asset-price booms of the 1980s and 1990s.
The hukou system has remained active throughout the reform period, although the system has been liberalised to some extent (Whyte 2010, 20).
It shows how not to liberalise a banking system, and how not to manage a crisis.
A decent education means liberalising our schools system so that more students can benefit from high standards and discipline.
The Saudis have become friendlier to business, taking steps to liberalise the financial system, airlines and telecommunications.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com