In the 1990s when the economy was liberalized, the Indian car market slowly opened up to faster, more convenient options.
He told me in an earlier interview that while nobody could deny that there was corruption in India before the economy was liberalized, the speed of privatization had "increased the demand for corruption".
In the late nineteen-seventies, after the fall of Chairman Mao Zedong and the purge of the Gang of Four, Deng Xiaoping and other Chinese officials looked to the example of Singapore, where for almost twenty years Lee had already been liberalizing the economy under the firm grip of his People's Action Party.
One of the principal challenges is liberalizing the status of women, less than 15percentt of whom are employed.
Georgia sought to transform its command economy into one organized on market principles: prices were liberalized, the banking system reformed, and some state enterprises and retail establishments privatized.
The Copenhagen Consensus Center commissioned research by Australian economist Kym Anderson that showed if developing countries cut tariffs by the same proportion as rich countries and services and investment were liberalized, the direct gains from freer trade could be $120 billion a year by 2015, with $17 billion going to the world's poorest countries.
In the 1990s, as the economy was liberalized and the middle class grew more prosperous, the word "stress" slowly entered their vocabulary, first as a somewhat self-congratulatory description of what their professional success has done to them.
Although the telecommunications market was liberalized in the 1990s, Iceland Telecom dominated the sector.
In "Shadows and Wind: A View of Modern Vietnam," Robert Templer talks about how pho stalls in Hanoi were shut down in the '50s, under Communism, generating a culture of "speakeasy soup joints". When the economy was liberalized in the late 1980s, street stalls were among the first small businesses to return.
During the late 1990s the entire sector was liberalized, increasing the number of telecommunications firms and competition for Deutsche Telekom from companies such as Vodafone and Telefónica Germany.
