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What does liberalizing mean?

Looking for the meaning or definition of the word liberalizing? Here's what it means.

Verb
  1. present participle of liberalize
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He said the government is divided, with one part working against another on a host of issues including the budget, revitalizing the stock market and liberalizing taxes.
During its annual meeting, the board of governors of the fund formulates policy aimed at integrating and liberalizing trade.
It supports the goal of liberalizing world trade and develops initiatives for the attainment of an ambitious and well-balanced result.
Other countries are liberalizing their economies, providing a more business-friendly environment.
It should not however be concluded that liberalizing trade is not the best possible way of organizing agricultural markets.
Federal and local governments are liberalizing drug laws, decriminalizing marijuana and allowing safe-injection centers to open in Vancouver.

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