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The first wave of borrowing, then, was a rational response to a liberalising policy.
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It is that the politicians themselves are all the while putting in place certain liberalising policies that clash with their own protectionist rhetoric.
If the liberalisation policy succeeds in attracting foreign investment, the services surplus is likely to expand.More licences for foreign financial-sector firmsMeasures to liberalise the financial sector have proved to be less controversial than the decision to scrap the bumiputera equity rule.
Other attempts at liberalising social policy have met with mixed results.
"The Netherlands has been at the forefront of liberalising drug policy," he says, while noting that the overall trend outside the US is for a reduced effort in prohibition, rather than more.
On the other hand, Charney is passionate about liberalising immigration policies, paying a fair wage, refusing to outsource manufacturing, and workers' rights.
Early talk of the "Chinese model"—liberalised economic policy, but a tight political grip may have been harsh on Mr Putin politically but optimistic economically.
When asked whether he would liberalise US policy if scientific developments warrant (presumably, either because the available cell lines were not optimal or breakthroughs were so promising that a stronger, broader research effort was called for), the president said: "I spent a lot of time on the subject.
Left-wingers also moderated their opposition to the west and – especially once Mohammad Khatami liberalised culture policies first as culture minister and after 1997 as president – put greater emphasis on social and political reforms.
The government liberalised its policies with a law that took effect in October 2013 making the possession of small amounts of cannabis punishable by a set fine of 100 Swiss francs.
Favoured states have been urged to experiment with liberalising their economic policies.
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